VICI Properties Inc. $VICI Holdings Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,292,364 shares of the company’s stock after purchasing an additional 2,305,719 shares during the period. VICI Properties accounts for 0.9% of Allianz Asset Management GmbH’s investment portfolio, making the stock its 14th biggest holding. Allianz Asset Management GmbH’s holdings in VICI Properties were worth $851,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in VICI Properties during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the 2nd quarter valued at $28,000. BOKF NA purchased a new position in shares of VICI Properties during the 3rd quarter valued at $30,000. Evolution Wealth Management Inc. purchased a new position in shares of VICI Properties during the 4th quarter valued at $28,000. Finally, Avalon Trust Co purchased a new position in shares of VICI Properties during the 3rd quarter valued at $35,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 2.1%

VICI stock opened at $27.99 on Wednesday. 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 Inc. has a 1 year low of $26.55 and a 1 year high of $34.01. The company has a fifty day simple moving average of $28.20 and a 200 day simple moving average of $28.42. The firm has a market cap of $29.92 billion, a PE ratio of 9.58 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.58 EPS. VICI Properties’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. Sell-side analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 6.4%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a report on Monday, May 4th. Scotiabank boosted their price target on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Barclays boosted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird lowered their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus 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.