Jupiter Asset Management Ltd. Grows Position in VICI Properties Inc. $VICI

Key Points

• Jupiter Asset Management dramatically increased its stake in VICI Properties by 1,699.8% in the fourth quarter, ending with 4.54 million shares valued at about $127.8 million.
• Institutional ownership remains very high, with several major investors also boosting their positions and 97.71% of VICI’s stock currently held by institutions and hedge funds.
• VICI Properties reported better-than-expected Q1 results, including EPS of $0.82 versus $0.71 expected, and maintained a 6.4% dividend yield; analysts currently rate the stock a Moderate Buy with a consensus target of $33.38.

Jupiter Asset Management Ltd. lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 1,699.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,544,692 shares of the company's stock after buying an additional 4,292,183 shares during the period. VICI Properties makes up 1.0% of Jupiter Asset Management Ltd.'s holdings, making the stock its 18th biggest position. Jupiter Asset Management Ltd. owned 0.43% of VICI Properties worth $127,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Citigroup Inc. raised its position in VICI Properties by 117.1% in the third quarter. Citigroup Inc. now owns 3,136,663 shares of the company's stock valued at $102,287,000 after purchasing 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 worth $24,817,000 after acquiring an additional 173,013 shares during the last quarter. 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 worth $912,644,000 after acquiring an additional 2,937,039 shares during the last quarter. 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 worth $853,087,000 after acquiring an additional 3,968,349 shares during the last quarter. 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 worth $112,664,000 after acquiring an additional 1,052,393 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Down 1.1%

VICI opened at $28.32 on Friday. VICI Properties Inc. has a 12 month low of $26.55 and a 12 month high of $34.01. The stock has a market capitalization of $30.27 billion, a price-to-earnings ratio of 9.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The business has a fifty day moving average price of $28.13 and a 200 day moving average price of $28.56.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company'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 expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties's dividend payout ratio is currently 61.64%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VICI. Weiss Ratings restated a "hold (c)" rating on shares of VICI Properties in a report on Friday, March 27th. Scotiabank upped their price objective on shares of VICI Properties from $30.00 to $32.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a report on Monday, May 4th. Barclays upped their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Finally, Mizuho reaffirmed a "neutral" rating and set a $30.00 target price on shares of VICI Properties in a research note on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.38.

VICI Properties Company Profile

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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