Allianz Asset Management GmbH Sells 10,739 Shares of VICI Properties Inc. (NYSE:VICI)

Allianz Asset Management GmbH lowered its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,294,221 shares of the company's stock after selling 10,739 shares during the quarter. VICI Properties accounts for approximately 1.0% of Allianz Asset Management GmbH's holdings, making the stock its 10th biggest holding. Allianz Asset Management GmbH owned about 2.20% of VICI Properties worth $759,857,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of VICI Properties by 10.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 366,494 shares of the company's stock valued at $10,705,000 after purchasing an additional 34,321 shares in the last quarter. Teacher Retirement System of Texas raised its stake in VICI Properties by 40.4% during the fourth quarter. Teacher Retirement System of Texas now owns 9,801 shares of the company's stock worth $286,000 after acquiring an additional 2,819 shares during the period. Virtu Financial LLC acquired a new stake in VICI Properties during the fourth quarter worth about $307,000. Mizuho Securities USA LLC raised its stake in VICI Properties by 47.1% during the fourth quarter. Mizuho Securities USA LLC now owns 99,912 shares of the company's stock worth $2,918,000 after acquiring an additional 32,008 shares during the period. Finally, Prudential Financial Inc. raised its stake in VICI Properties by 125.9% during the fourth quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company's stock worth $48,486,000 after acquiring an additional 925,041 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Up 0.2%

VICI Properties stock opened at $32.89 on Monday. The firm has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $31.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $34.76 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 4.22 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the firm posted $0.56 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio is presently 69.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VICI shares. Truist Financial increased their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Profile

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.

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