Empowered Funds LLC Purchases New Position in VICI Properties Inc. $VICI

Empowered Funds LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 414,476 shares of the company’s stock, valued at approximately $11,004,000.

Several other large investors also recently added to or reduced their stakes in VICI. Bank of America Corp DE grew its stake in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after buying an additional 734,068 shares during the last quarter. Wilsey Asset Management Inc. lifted its position in shares of VICI Properties by 6.4% during the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after purchasing an additional 65,853 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of VICI Properties by 24.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after purchasing an additional 1,406,897 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of VICI Properties by 19.4% during the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock valued at $7,161,000 after purchasing an additional 42,662 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of VICI Properties by 26.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock worth $14,884,000 after purchasing an additional 116,546 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

VICI opened at $25.90 on Friday. The business’s 50-day moving average is $26.49 and its two-hundred day moving average is $27.76. VICI Properties Inc. has a 1 year low of $25.75 and a 1 year high of $33.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $28.52 billion, a PE ratio of 10.04 and a beta of 0.65.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. VICI Properties’s dividend payout ratio is presently 69.77%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research note on Thursday, July 30th. Scotiabank decreased their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research note on Friday, July 31st. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a report on Thursday, August 13th. Finally, Barclays cut their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Six equities 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, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

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.