35,317 VICI Properties Inc. $VICI Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 407.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,980 shares of the company’s stock after acquiring an additional 35,317 shares during the quarter. International Assets Investment Management LLC’s holdings in VICI Properties were worth $1,010,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VICI. BlackRock Inc. bought a new position in VICI Properties during the 2nd quarter valued at $3,433,817,000. State Street Corp grew its holdings in VICI Properties by 4.5% during the second quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after purchasing an additional 2,920,133 shares during the period. Allianz Asset Management GmbH increased its position in VICI Properties by 1.8% in the second quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock worth $837,047,000 after buying an additional 566,922 shares during the last quarter. Bank of America Corp DE purchased a new stake in VICI Properties in the second quarter worth $778,709,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of VICI Properties by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock valued at $422,294,000 after buying an additional 344,355 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 3.3%

VICI opened at $25.24 on Thursday. The business has a 50 day moving average of $24.06 and a 200-day moving average of $26.91. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.57. The stock has a market cap of $27.79 billion, a PE ratio of 11.58, a PEG ratio of 1.95 and a beta of 0.64. VICI Properties Inc. has a 52 week low of $22.42 and a 52 week high of $30.83.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, October 28th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.41). VICI Properties had a net margin of 56.46% and a return on equity of 8.10%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 7.3%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s dividend payout ratio is presently 84.40%.

Analyst Upgrades and Downgrades

Several research firms have commented on VICI. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a report on Thursday, October 29th. Scotiabank dropped their price target on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Cantor Fitzgerald decreased their price target on VICI Properties from $32.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price objective on VICI Properties from $34.00 to $30.75 and set a “buy” rating for the company in a research note on Thursday, October 29th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $29.42.

VICI Properties Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.