Cbre Investment Management Listed Real Assets LLC Purchases 827,611 Shares of VICI Properties Inc. $VICI

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its holdings in VICI Properties Inc. by 50.1%, owning approximately $80.88 million worth of the stock, which constitutes 1.2% of its investment portfolio.
• In the latest earnings report, VICI Properties met the earnings consensus with an EPS of $0.60 and reported a 4.6% increase in revenue year-over-year, totaling $1 billion for the quarter.
• The company declared a quarterly dividend of $0.4325, resulting in an annualized dividend yield of 5.2% and a payout ratio of 66.28%.

Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 50.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,479,465 shares of the company's stock after acquiring an additional 827,611 shares during the quarter. VICI Properties makes up 1.2% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 27th biggest position. Cbre Investment Management Listed Real Assets LLC owned 0.23% of VICI Properties worth $80,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. Price T Rowe Associates Inc. MD raised its holdings in shares of VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after acquiring an additional 11,458,239 shares in the last quarter. Nuveen LLC purchased a new stake in VICI Properties in the first quarter worth $320,179,000. Deutsche Bank AG grew its stake in VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after purchasing an additional 4,680,136 shares during the period. American Century Companies Inc. grew its stake in VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock worth $269,197,000 after purchasing an additional 3,707,396 shares during the period. Finally, Northern Trust Corp grew its stake in VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after purchasing an additional 3,298,314 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of VICI Properties stock traded down $0.35 during trading on Thursday, hitting $33.40. 1,984,361 shares of the company's stock traded hands, compared to its average volume of 6,890,436. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The stock has a market capitalization of $35.62 billion, a P/E ratio of 12.80, a PEG ratio of 3.34 and a beta of 0.68. The business has a 50-day simple moving average of $32.99 and a 200-day simple moving average of $32.14.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties's revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. VICI Properties's dividend payout ratio (DPR) is 66.28%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Robert W. Baird upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Scotiabank reaffirmed an "outperform" rating on shares of VICI Properties in a research note on Thursday. Finally, JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.55.

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.