Clearbridge Investments LLC Has $36.88 Million Stake in VICI Properties Inc. $VICI

Clearbridge Investments LLC decreased its position in VICI Properties Inc. (NYSE:VICI) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,311,403 shares of the company’s stock after selling 141,481 shares during the period. Clearbridge Investments LLC’s holdings in VICI Properties were worth $36,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. lifted its holdings in VICI Properties by 117.1% in the third quarter. Citigroup Inc. now owns 3,136,663 shares of the company’s stock valued at $102,287,000 after buying an additional 1,691,653 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in VICI Properties by 24.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after purchasing an additional 173,013 shares in the last quarter. Bank of America Corp DE increased its stake in VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. California Public Employees Retirement System increased its stake in VICI Properties by 43.8% in the third quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after purchasing an additional 1,052,393 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in VICI Properties in the third quarter valued at $13,926,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VICI shares. Barclays lifted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank lifted their price target on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Mizuho reaffirmed a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research note on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $33.38.

VICI Properties Stock Performance

VICI Properties stock opened at $27.99 on Wednesday. The firm’s 50 day simple moving average is $28.20 and its 200 day simple moving average is $28.42. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $29.92 billion, a PE ratio of 9.58 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $26.55 and a 1-year high of $34.01.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, analysts expect 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 will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio is 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.