VICI Properties Inc. $VICI Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 127.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,935 shares of the company’s stock after purchasing an additional 79,441 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in VICI Properties were worth $4,629,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VICI. Norges Bank acquired a new stake in VICI Properties during the 2nd quarter worth approximately $486,945,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of VICI Properties in the second quarter worth $110,366,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of VICI Properties by 125.4% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock worth $182,167,000 after acquiring an additional 3,108,475 shares during the period. JPMorgan Chase & Co. raised its stake in shares of VICI Properties by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after acquiring an additional 2,326,747 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in VICI Properties by 7.1% in the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after purchasing an additional 2,281,688 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VICI. Barclays reduced their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Mizuho lowered their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Stifel Nicolaus decreased their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.52 on Friday. The stock has a market cap of $30.48 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.84 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03. The stock has a 50 day moving average of $28.33 and a two-hundred day moving average of $30.88. 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 (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company posted $0.57 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

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.