Cresset Asset Management LLC Boosts Holdings in VICI Properties Inc. $VICI

Cresset Asset Management LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 100.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 43,599 shares of the company’s stock after acquiring an additional 21,855 shares during the quarter. Cresset Asset Management LLC’s holdings in VICI Properties were worth $1,441,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VICI. Norges Bank purchased a new position in VICI Properties in the 2nd quarter worth $486,945,000. Allianz Asset Management GmbH boosted its position in VICI Properties by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after buying an additional 2,937,039 shares during the period. JPMorgan Chase & Co. boosted its position in VICI Properties by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after buying an additional 2,326,747 shares during the period. Geode Capital Management LLC grew its stake in shares of VICI Properties by 7.1% during 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 buying an additional 2,281,688 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after buying an additional 1,849,545 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a research note on Monday, January 5th. Mizuho reduced their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Evercore reaffirmed an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $36.00 to $30.00 in a research report on Friday, January 30th. Finally, Robert W. Baird lowered their price objective on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.69.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $29.63 on Monday. The company has a market cap of $31.67 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 3.40 and a beta of 0.67. The company has a 50-day moving average price of $28.86 and a 200-day moving average price of $30.08. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.03.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

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.