Palogic Value Management L.P. Acquires New Stake in VICI Properties Inc. $VICI

Palogic Value Management L.P. acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,900 shares of the company’s stock, valued at approximately $1,166,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. BlackRock Inc. purchased a new stake in shares of VICI Properties during the second quarter valued at $3,433,817,000. Bank of America Corp DE purchased a new position in VICI Properties in the 2nd quarter worth about $778,709,000. Norges Bank bought a new stake in VICI Properties during the 4th quarter valued at about $537,676,000. Legal & General Group Plc bought a new stake in VICI Properties during the 2nd quarter valued at about $366,514,000. Finally, Man Group plc purchased a new stake in VICI Properties in the 2nd quarter valued at about $318,249,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Cantor Fitzgerald dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a report on Friday, July 31st. Morgan Stanley reduced their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Finally, Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.29.

VICI Properties Price Performance

Shares of VICI opened at $26.05 on Thursday. The company has a 50 day moving average price of $26.51 and a 200-day moving average price of $27.80. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92. The stock has a market capitalization of $28.68 billion, a PE ratio of 10.10 and a beta of 0.65. 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 (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 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.