Korea Investment CORP Buys 108,574 Shares of VICI Properties Inc. $VICI

Korea Investment CORP boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 13.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 904,119 shares of the company’s stock after purchasing an additional 108,574 shares during the quarter. Korea Investment CORP’s holdings in VICI Properties were worth $29,483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of VICI Properties in the 2nd quarter valued at $486,945,000. Allianz Asset Management GmbH lifted its stake in shares of VICI Properties by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after acquiring an additional 2,937,039 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 2,326,747 shares during the period. Geode Capital Management LLC boosted its holdings in VICI Properties by 7.1% in the second 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 last quarter. Finally, Barclays PLC boosted its holdings in VICI Properties by 54.0% in the third quarter. Barclays PLC now owns 5,686,520 shares of the company’s stock valued at $185,437,000 after acquiring an additional 1,993,245 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on VICI. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. The Goldman Sachs Group reduced their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Barclays lowered 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 report on Wednesday, December 3rd. Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a research note on Monday, January 5th. Finally, Mizuho cut their price objective 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. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.69.

VICI Properties Stock Performance

Shares of VICI stock opened at $29.51 on Tuesday. 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 stock has a market cap of $31.54 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 3.40 and a beta of 0.67. The stock has a 50-day moving average of $28.88 and a 200-day moving average of $30.05. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, March 19th. VICI Properties’s payout ratio is 68.97%.

About VICI Properties

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.