Van ECK Associates Corp Sells 72,857 Shares of VICI Properties Inc. $VICI

Van ECK Associates Corp lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 677,127 shares of the company’s stock after selling 72,857 shares during the period. Van ECK Associates Corp owned about 0.06% of VICI Properties worth $17,978,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in VICI. BlackRock Inc. purchased a new position in VICI Properties in the second quarter valued at about $3,433,817,000. Bank of America Corp DE purchased a new stake in shares of VICI Properties during the 2nd quarter worth approximately $778,709,000. Norges Bank bought a new stake in shares of VICI Properties in the 4th quarter worth approximately $537,676,000. Legal & General Group Plc bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $366,514,000. Finally, Man Group plc purchased a new position in VICI Properties in the second quarter valued at approximately $318,249,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $25.90 on Monday. VICI Properties Inc. has a 52-week low of $25.75 and a 52-week high of $33.92. The stock’s 50-day simple moving average is $26.49 and its 200 day simple moving average is $27.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 10.04 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Research analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. VICI Properties’s payout ratio is currently 69.77%.

Analyst Ratings Changes

Several brokerages have weighed in on VICI. Robert W. Baird set a $32.00 price objective on VICI Properties in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research report on Friday, July 31st. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday, August 13th. Wells Fargo & Company dropped 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, Morgan Stanley cut their target price on shares of 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.29.

About VICI Properties

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.