Korea Investment CORP Makes New Investment in VICI Properties Inc. $VICI

Korea Investment CORP bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,038,349 shares of the company’s stock, valued at approximately $27,568,000.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after buying an additional 734,068 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of VICI Properties by 24.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after purchasing an additional 1,406,897 shares during the period. Wilsey Asset Management Inc. lifted its position in VICI Properties by 6.4% in the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after buying an additional 65,853 shares in the last quarter. Gabelli Funds LLC boosted its position in VICI Properties by 19.4% during the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock valued at $7,161,000 after purchasing an additional 42,662 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of VICI Properties by 26.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock valued at $14,884,000 after purchasing an additional 116,546 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $26.55 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 1-year low of $25.81 and a 1-year high of $33.92. The firm’s 50-day moving average price is $26.59 and its 200-day moving average price is $27.84. The firm has a market capitalization of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $0.60 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio is currently 69.77%.

Analyst Ratings Changes

VICI has been the subject of a number of research reports. Royal Bank Of Canada started coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Barclays dropped their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a report on Friday, July 31st. Wells Fargo & Company reduced their target price on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Finally, Cantor Fitzgerald decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.29.

VICI Properties Company 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.