iA Global Asset Management Inc. Takes Position in VICI Properties Inc. $VICI

iA Global Asset Management Inc. purchased a new position in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 68,446 shares of the company’s stock, valued at approximately $2,232,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in VICI Properties by 1.2% in 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 period. State Street Corp increased its stake in shares of VICI Properties by 2.1% in the 2nd quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after acquiring an additional 1,204,476 shares during the last quarter. Geode Capital Management LLC raised its position in shares of VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after acquiring an additional 2,281,688 shares during the period. Allianz Asset Management GmbH boosted its stake in VICI Properties by 7.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after acquiring an additional 1,755,385 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 2,326,747 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock opened at $28.52 on Friday. The stock has a 50-day moving average price of $28.33 and a two-hundred day moving average price of $30.88. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.03. The stock has a market cap of $30.48 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.84 and a beta of 0.70. 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 posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company 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%.VICI Properties’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given 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 yield of 6.3%. VICI Properties’s dividend payout ratio is 68.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VICI shares. Mizuho cut their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Barclays reduced their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. 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 report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.31.

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.