Allstate Corp Increases Holdings in VICI Properties Inc. $VICI

Allstate Corp lifted its position in VICI Properties Inc. (NYSE:VICI) by 47.4% in the 4th quarter, HoldingsChannel reports. The firm owned 125,998 shares of the company’s stock after purchasing an additional 40,489 shares during the quarter. Allstate Corp’s holdings in VICI Properties were worth $3,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of VICI Properties by 117.1% in the 3rd 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 lifted its holdings in shares of VICI Properties by 24.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock valued at $24,817,000 after buying an additional 173,013 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of VICI Properties by 11.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after buying an additional 2,937,039 shares during the period. 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 buying an additional 3,968,349 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of VICI Properties by 43.8% in the 3rd quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after buying an additional 1,052,393 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE:VICI opened at $28.63 on Thursday. 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 stock has a 50 day moving average of $28.14 and a two-hundred day moving average of $28.57. The firm has a market cap of $30.60 billion, a P/E ratio of 9.80 and a beta of 0.67. VICI Properties Inc. has a 12 month low of $26.55 and a 12 month high of $34.01.

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

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were given a $0.45 dividend. The ex-dividend date was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. VICI Properties’s dividend payout ratio is 61.64%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VICI shares. Mizuho reaffirmed a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Barclays upped their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Scotiabank upped their price target on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird reduced their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.38.

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.