CI Investments Inc. Sells 2,417,404 Shares of VICI Properties Inc. $VICI

CI Investments Inc. lowered its stake in VICI Properties Inc. (NYSE:VICI) by 64.1% during the 1st quarter, Holdings Channel reports. The firm owned 1,351,930 shares of the company’s stock after selling 2,417,404 shares during the quarter. CI Investments Inc.’s holdings in VICI Properties were worth $36,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corrado Advisors LLC increased its holdings in shares of VICI Properties by 0.8% in the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after purchasing an additional 393 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of VICI Properties by 2.9% in the fourth quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after buying an additional 434 shares in the last quarter. West Paces Advisors Inc. boosted its stake in VICI Properties by 2.4% during the fourth quarter. West Paces Advisors Inc. now owns 18,226 shares of the company’s stock valued at $513,000 after buying an additional 435 shares during the last quarter. Brookstone Capital Management boosted its stake in VICI Properties by 6.6% during the fourth quarter. Brookstone Capital Management now owns 7,186 shares of the company’s stock valued at $202,000 after buying an additional 444 shares during the last quarter. Finally, Beacon Investment Advisors LLC grew its holdings in VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock valued at $393,000 after buying an additional 455 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research note on Monday, May 4th. Morgan Stanley lowered their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Barclays raised their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Royal Bank Of Canada started coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

VICI Properties Price Performance

NYSE:VICI opened at $26.58 on Wednesday. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 9.10 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The business has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $28.12. VICI Properties Inc. has a 1 year low of $25.82 and a 1 year high of $34.01.

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

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is presently 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.