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

Korea Investment CORP grew its stake in VICI Properties Inc. (NYSE:VICI) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 904,119 shares of the company’s stock after purchasing an additional 108,574 shares during the period. Korea Investment CORP owned approximately 0.08% of VICI Properties worth $29,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of VICI Properties by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 156,751,453 shares of the company’s stock worth $5,111,665,000 after buying an additional 736,209 shares during the period. State Street Corp grew its position in VICI Properties by 2.1% in the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after acquiring an additional 1,204,476 shares during the period. Geode Capital Management LLC raised its stake in VICI Properties by 7.1% during the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after acquiring an additional 2,281,688 shares in the last quarter. Allianz Asset Management GmbH raised its stake in VICI Properties by 11.7% during the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock worth $912,644,000 after acquiring an additional 2,937,039 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of VICI Properties by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 23,409,381 shares of the company’s stock valued at $763,380,000 after acquiring an additional 1,598,238 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI stock opened at $29.51 on Tuesday. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.03. The stock has a market capitalization of $31.54 billion, a PE ratio of 11.31, a PEG ratio of 3.40 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17. The stock’s fifty day moving average is $28.88 and its 200-day moving average is $30.05.

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

VICI Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $36.00 to $30.00 in a report on Friday, January 30th. Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a research report on Monday, January 5th. Evercore reaffirmed an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.69.

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.