Van ECK Associates Corp Trims Stake in VICI Properties Inc. $VICI

Van ECK Associates Corp reduced its holdings in VICI Properties Inc. (NYSE:VICI) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 677,127 shares of the company’s stock after selling 72,857 shares during the quarter. Van ECK Associates Corp’s holdings in VICI Properties were worth $17,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nissay Asset Management Corp Japan boosted its position in shares of VICI Properties by 3.8% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 318,416 shares of the company’s stock valued at $8,454,000 after acquiring an additional 11,699 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of VICI Properties by 9.9% in the second quarter. Hsbc Holdings PLC now owns 10,604,710 shares of the company’s stock worth $281,629,000 after purchasing an additional 952,165 shares during the last quarter. Prosperitas Financial LLC bought a new position in shares of VICI Properties in the second quarter worth approximately $323,000. Archer Investment Corp purchased a new stake in VICI Properties in the second quarter valued at approximately $465,000. Finally, Beacon Pointe Advisors LLC bought a new stake in VICI Properties during the second quarter valued at approximately $292,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on VICI shares. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Scotiabank lowered their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Barclays reduced their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Morgan Stanley lowered their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Hold” and an average price target of $31.29.

VICI Properties Price Performance

VICI stock opened at $25.90 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 52 week low of $25.75 and a 52 week high of $33.92. The firm’s fifty day moving average is $26.49 and its 200 day moving average is $27.75. The firm has a market cap of $28.52 billion, a P/E ratio of 10.04 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Research analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. VICI Properties’s payout ratio is currently 69.77%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.