VICI Properties Inc. $VICI Stock Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1,196.6% in the third quarter, HoldingsChannel reports. The firm owned 238,360 shares of the company’s stock after acquiring an additional 219,976 shares during the period. Chicago Partners Investment Group LLC’s holdings in VICI Properties were worth $5,663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VICI. BlackRock Inc. acquired a new position in VICI Properties in the second quarter worth $3,433,817,000. State Street Corp grew its holdings in shares of VICI Properties by 4.5% during the second quarter. State Street Corp now owns 67,155,780 shares of the company’s stock worth $1,812,259,000 after purchasing an additional 2,920,133 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of VICI Properties by 1.8% during the second quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock worth $837,047,000 after purchasing an additional 566,922 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of VICI Properties in the second quarter valued at $778,709,000. Finally, Dimensional Fund Advisors LP increased 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 in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties News Summary

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: A recent investment article points to VICI’s long-term leases, full occupancy and an approximately 7.3% forward dividend yield, describing the shares as potentially undervalued. Article: If I Could Put $10,000 Into Just 1 Dividend Grower in November, It’d Be This One
• Positive Sentiment: An article frames VICI’s reported $2 billion buyback as a potential buying opportunity, which could support investor confidence and share demand. Article: VICI’s $2 billion buyback: A massive buying opportunity?
• Neutral Sentiment: Cantor Fitzgerald reiterated its Buy rating, though it recently lowered its price target from $32 to $29. The retained favorable rating is balanced by a more cautious valuation outlook. Article: Cantor Fitzgerald Sticks to Its Buy Rating for VICI Properties
• Negative Sentiment: Citigroup cut its price target from $36 to $30, although it kept a Buy rating. The lower target may weigh on sentiment, even as it still implies potential upside from the cited share price. Citigroup rating information
• Negative Sentiment: Coverage highlighting Treasury yields near 4.9% underscores stronger competition for income-focused investors, a potential headwind for dividend-paying REITs such as VICI. Article: The 10-Year Treasury Yields 4.91%. These 4 Dividend Stocks Pay More

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VICI. Wells Fargo & Company cut their price target on VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research report on Thursday, July 30th. Weiss Ratings lowered shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 9th. Citigroup lowered their price objective on shares of VICI Properties from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Scotiabank lowered their price objective on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research report on Thursday, September 24th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.46.

VICI Properties Stock Performance

VICI stock opened at $25.20 on Friday. The company has a 50 day moving average price of $24.04 and a 200 day moving average price of $26.89. VICI Properties Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $27.74 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.02 and a beta of 0.64.

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

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 7.3%. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s payout ratio is currently 84.40%.

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.