Intech Investment Management LLC Has $1.65 Million Stake in VICI Properties Inc. $VICI

Intech Investment Management LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 127.0% during the third quarter, HoldingsChannel.com reports. The firm owned 50,709 shares of the company’s stock after buying an additional 28,367 shares during the quarter. Intech Investment Management LLC’s holdings in VICI Properties were worth $1,654,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in VICI Properties by 2.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock valued at $113,051,000 after purchasing an additional 81,300 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in VICI Properties by 5.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock worth $77,638,000 after acquiring an additional 122,796 shares in the last quarter. Swedbank AB boosted its position in VICI Properties by 4.0% during the third quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock valued at $158,965,000 after purchasing an additional 188,690 shares during the last quarter. Citigroup Inc. grew its stake in VICI Properties by 117.1% in the third quarter. Citigroup Inc. now owns 3,136,663 shares of the company’s stock valued at $102,287,000 after purchasing an additional 1,691,653 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of VICI Properties by 11.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock worth $912,644,000 after purchasing an additional 2,937,039 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Barclays cut their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a report on Monday, January 5th. Finally, Evercore reiterated an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.69.

VICI Properties Price Performance

Shares of VICI opened at $29.68 on Friday. The company’s 50-day moving average is $28.83 and its 200-day moving average is $30.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market capitalization of $31.72 billion, a PE ratio of 11.37, a PEG ratio of 3.43 and a beta of 0.67. VICI Properties Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, February 25th. The company reported $0.57 EPS 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 the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties 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.