Baird Financial Group Inc. Has $58.49 Million Position in VICI Properties Inc. $VICI

Baird Financial Group Inc. increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,794,062 shares of the company’s stock after acquiring an additional 124,452 shares during the period. Baird Financial Group Inc.’s holdings in VICI Properties were worth $58,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Commerce Bank raised its position in VICI Properties by 4.6% during the first quarter. Commerce Bank now owns 15,556 shares of the company’s stock valued at $507,000 after purchasing an additional 691 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of VICI Properties in the 1st quarter valued at $295,000. iA Global Asset Management Inc. bought a new position in shares of VICI Properties in the 1st quarter valued at $783,000. Charles Schwab Investment Management Inc. raised its holdings in shares of VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock worth $402,700,000 after buying an additional 135,836 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after buying an additional 4,680,136 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $27.96 on Friday. The stock has a market cap of $29.88 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 2.82 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.94 and a twelve month high of $34.03. The company’s fifty day moving average is $30.44 and its 200 day moving average is $31.91. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $0.57 EPS. VICI Properties’s revenue for the quarter was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Analysts Set New Price Targets

A number of research firms have issued reports on VICI. Stifel Nicolaus decreased their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. The Goldman Sachs Group reduced their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Barclays lowered their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday. Evercore ISI reissued an “in-line” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of VICI Properties in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.71.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.