Gabelli Funds LLC Boosts Holdings in VICI Properties Inc. $VICI

Gabelli Funds LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 262,124 shares of the company’s stock after buying an additional 42,662 shares during the quarter. Gabelli Funds LLC’s holdings in VICI Properties were worth $7,161,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of VICI Properties in the second quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties in the second quarter valued at about $28,000. Bayban purchased a new stake in VICI Properties in the 4th quarter valued at approximately $25,000. Dynamic Wealth Strategies LLC purchased a new stake in VICI Properties in the 1st quarter valued at approximately $25,000. Finally, BOKF NA acquired a new position in VICI Properties during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VICI shares. Barclays decreased their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Morgan Stanley cut their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Wells Fargo & Company decreased their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.77.

VICI Properties Stock Performance

Shares of VICI opened at $26.76 on Tuesday. The company has a 50-day moving average of $27.24 and a two-hundred day moving average of $28.08. The stock has a market cap of $28.61 billion, a P/E ratio of 9.17 and a beta of 0.65. VICI Properties Inc. has a 12-month low of $25.82 and a 12-month high of $34.01. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed 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. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

VICI Properties 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.