Cbre Investment Management Listed Real Assets LLC Buys 1,406,897 Shares of VICI Properties Inc. $VICI

Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 24.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,063,264 shares of the company’s stock after acquiring an additional 1,406,897 shares during the period. VICI Properties accounts for about 2.9% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 5th largest position. Cbre Investment Management Listed Real Assets LLC’s holdings in VICI Properties were worth $198,619,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC boosted its position in shares of VICI Properties by 5.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock valued at $216,000 after acquiring an additional 329 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of VICI Properties by 3.8% during the 3rd quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock valued at $296,000 after acquiring an additional 334 shares in the last quarter. Choreo LLC boosted its position in shares of VICI Properties by 1.8% during the 3rd quarter. Choreo LLC now owns 20,051 shares of the company’s stock valued at $664,000 after acquiring an additional 355 shares in the last quarter. Provident Investment Management Inc. boosted its position in shares of VICI Properties by 1.5% during the 3rd quarter. Provident Investment Management Inc. now owns 25,760 shares of the company’s stock valued at $840,000 after acquiring an additional 375 shares in the last quarter. Finally, Hurley Capital LLC boosted its position in shares of VICI Properties by 5.9% during the 3rd quarter. Hurley Capital LLC now owns 6,927 shares of the company’s stock valued at $226,000 after acquiring an additional 388 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VICI shares. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research report on Monday, May 4th. Barclays lifted their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Mizuho reiterated a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research report on Wednesday, March 11th. Scotiabank lifted their target price on shares of VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Finally, Robert W. Baird decreased their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.38.

VICI Properties Trading Down 1.5%

Shares of VICI stock opened at $27.79 on Tuesday. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month high of $34.01. The company has a market capitalization of $29.70 billion, a P/E ratio of 9.52 and a beta of 0.67. The firm has a 50-day moving average price of $28.13 and a 200 day moving average price of $28.52. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s payout ratio is currently 61.64%.

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.