Richard Bernstein Advisors LLC Cuts Stock Holdings in VICI Properties Inc. $VICI

Richard Bernstein Advisors LLC lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 55.8% in the third quarter, Holdings Channel.com reports. The fund owned 86,681 shares of the company’s stock after selling 109,222 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in VICI Properties were worth $2,827,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State of Wyoming acquired a new stake in VICI Properties during the 2nd quarter worth $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties during the 2nd quarter valued at about $27,000. Headlands Technologies LLC acquired a new stake in VICI Properties in the 2nd quarter valued at about $28,000. Godsey & Gibb Inc. purchased a new position in VICI Properties in the 3rd quarter worth approximately $29,000. Finally, City Holding Co. purchased a new position in VICI Properties in the 3rd quarter worth approximately $33,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE VICI opened at $29.51 on Tuesday. The stock has a 50-day moving average of $28.88 and a two-hundred day moving average of $30.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. The company has a market cap of $31.54 billion, a P/E ratio of 11.31, a P/E/G ratio of 3.40 and a beta of 0.67.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.VICI Properties’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Thursday, March 19th. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VICI. Robert W. Baird dropped their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Barclays lowered their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Mizuho reduced their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Evercore reissued an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.69.

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.