International Assets Investment Management LLC Acquires 35,317 Shares of VICI Properties Inc. $VICI

International Assets Investment Management LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 407.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,980 shares of the company’s stock after acquiring an additional 35,317 shares during the period. International Assets Investment Management LLC’s holdings in VICI Properties were worth $1,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in VICI Properties during the second quarter worth $3,433,817,000. State Street Corp raised its stake in 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 acquiring an additional 2,920,133 shares in the last quarter. Allianz Asset Management GmbH raised its stake in 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 acquiring an additional 566,922 shares in the last quarter. Bank of America Corp DE bought a new position in shares of VICI Properties in the second quarter worth about $778,709,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 worth $422,294,000 after acquiring an additional 344,355 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VICI. Evercore set a $30.00 price target on shares of VICI Properties in a research note on Monday, September 21st. Truist Financial lowered their price objective on shares of VICI Properties from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Morgan Stanley dropped their price objective on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 15th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. cut shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Thursday, September 24th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.42.

VICI Properties Stock Performance

Shares of VICI opened at $25.24 on Thursday. The firm’s fifty day simple moving average is $24.06 and its two-hundred day simple moving average is $26.91. VICI Properties Inc. has a 12 month low of $22.42 and a 12 month high of $30.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $27.79 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.95 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.41). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. VICI Properties had a net margin of 56.46% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, analysts predict that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

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

VICI Properties Company 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.