Allianz Asset Management GmbH Buys 566,922 Shares of VICI Properties Inc. $VICI

Allianz Asset Management GmbH lifted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,527,182 shares of the company's stock after buying an additional 566,922 shares during the period. VICI Properties makes up approximately 0.5% of Allianz Asset Management GmbH's holdings, making the stock its 25th largest holding. Allianz Asset Management GmbH owned about 2.86% of VICI Properties worth $837,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of VICI Properties by 3.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company's stock worth $284,060,000 after purchasing an additional 349,262 shares during the period. Bank of America Corp DE increased its position in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock valued at $763,553,000 after buying an additional 734,068 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of VICI Properties during the second quarter valued at about $4,858,000. Wilsey Asset Management Inc. raised its stake in VICI Properties by 6.4% in the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company's stock worth $30,092,000 after buying an additional 65,853 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company's stock worth $198,619,000 after buying an additional 1,406,897 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Down 0.1%

NYSE:VICI opened at $25.39 on Tuesday. The stock has a market cap of $27.96 billion, a price-to-earnings ratio of 9.84 and a beta of 0.65. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The company's 50 day moving average price is $26.35 and its 200-day moving average price is $27.59. VICI Properties Inc. has a 52 week low of $25.34 and a 52 week high of $33.82.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The company's revenue for the quarter 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. On average, equities research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.46 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.2%. VICI Properties's dividend payout ratio (DPR) is 69.77%.

Analyst Ratings Changes

VICI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research report on Friday, July 31st. Scotiabank decreased their target price on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a research report on Thursday, June 18th. Raymond James Financial set a $29.00 target price on VICI Properties in a research note on Thursday, August 13th. Mizuho dropped their price target on VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada started coverage on VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of "Hold" and an average target price of $31.00.

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.

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