M&T Bank Corp Acquires 395,771 Shares of VICI Properties Inc. $VICI

M&T Bank Corp lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 59.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,066,266 shares of the company’s stock after purchasing an additional 395,771 shares during the period. M&T Bank Corp’s holdings in VICI Properties were worth $29,983,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of VICI Properties during the second quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties during the second quarter worth $28,000. Godsey & Gibb Inc. bought a new stake in shares of VICI Properties during the third quarter worth $29,000. BOKF NA bought a new stake in shares of VICI Properties during the third quarter worth $30,000. Finally, City Holding Co. bought a new stake in shares of VICI Properties during the third quarter worth $33,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.8%

Shares of VICI opened at $28.19 on Thursday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month high of $34.01. The firm has a market capitalization of $30.13 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 3.25 and a beta of 0.70. The stock’s fifty day simple moving average is $28.63 and its 200-day simple moving average is $28.96.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.03). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, research analysts predict that VICI Properties Inc. will post 2.45 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s dividend payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a report on Monday, January 5th. Mizuho restated a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Barclays increased their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird decreased their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.42.

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.