Baird Financial Group Inc. Has $58.49 Million Stake in VICI Properties Inc. $VICI

Baird Financial Group Inc. boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,794,062 shares of the company’s stock after acquiring an additional 124,452 shares during the quarter. Baird Financial Group Inc. owned 0.17% of VICI Properties worth $58,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commerce Bank raised its holdings in shares of VICI Properties by 4.6% in the 1st quarter. Commerce Bank now owns 15,556 shares of the company’s stock valued at $507,000 after purchasing an additional 691 shares during the period. Thoroughbred Financial Services LLC acquired a new position in VICI Properties during the first quarter worth approximately $295,000. iA Global Asset Management Inc. acquired a new position in VICI Properties during the first quarter worth approximately $783,000. Charles Schwab Investment Management Inc. raised its stake in VICI Properties by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock valued at $402,700,000 after buying an additional 135,836 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after buying an additional 4,680,136 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VICI. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research report on Monday. Cantor Fitzgerald dropped their price objective on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Mizuho lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus decreased their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.71.

VICI Properties Stock Down 1.2%

Shares of VICI opened at $27.96 on Friday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 12 month low of $27.94 and a 12 month high of $34.03. The firm’s 50 day moving average is $30.44 and its 200-day moving average is $31.91. The stock has a market capitalization of $29.88 billion, a PE ratio of 10.67, a P/E/G ratio of 2.82 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 17th. VICI Properties’s dividend payout ratio is 68.70%.

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.