VICI Properties Inc. $VICI Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 9.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,243,193 shares of the company’s stock after selling 2,166,188 shares during the period. JPMorgan Chase & Co.’s holdings in VICI Properties were worth $597,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in VICI Properties by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after acquiring an additional 1,705,855 shares in the last quarter. State Street Corp increased its position in shares of VICI Properties by 4.8% during the third quarter. State Street Corp now owns 62,538,927 shares of the company’s stock worth $2,065,862,000 after purchasing an additional 2,844,265 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of VICI Properties by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after purchasing an additional 1,037,345 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of VICI Properties by 17.9% in the 3rd 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 during the last quarter. Finally, Norges Bank acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $537,676,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 1.6%

VICI Properties stock opened at $28.47 on Thursday. The stock has a 50 day moving average of $28.22 and a two-hundred day moving average of $28.42. VICI Properties Inc. has a twelve month low of $26.55 and a twelve month high of $34.01. The stock has a market capitalization of $30.43 billion, a price-to-earnings ratio of 9.75 and a beta of 0.65. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, topping 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 business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The company’s quarterly revenue 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. As a group, research analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 61.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VICI shares. Barclays raised their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Robert W. Baird lowered their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a report on Monday, May 4th. Finally, Mizuho reiterated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.38.

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.