AIA Group Ltd Raises Holdings in VICI Properties Inc. $VICI

AIA Group Ltd boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 60.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,413 shares of the company’s stock after acquiring an additional 78,991 shares during the quarter. AIA Group Ltd’s holdings in VICI Properties were worth $6,829,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of Wyoming acquired a new stake in VICI Properties during the second quarter valued at $26,000. Parvin Asset Management LLC purchased a new position in VICI Properties in the second quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of VICI Properties in the second quarter worth about $28,000. Godsey & Gibb Inc. acquired a new position in shares of VICI Properties in the third quarter worth about $29,000. Finally, BOKF NA purchased a new stake in shares of VICI Properties during the 3rd quarter worth about $30,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 1.8%

VICI stock opened at $28.09 on Thursday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $28.96 and a two-hundred day moving average of $29.83. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.01. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.29 and a beta of 0.67.

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

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be issued a $0.45 dividend. The ex-dividend date of this dividend is 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 68.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $36.00 to $30.00 in a research report on Friday, January 30th. Barclays cut their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Mizuho reissued a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Finally, Evercore reissued an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.69.

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.