Russell Investments Group Ltd. Buys 1,237,145 Shares of VICI Properties Inc. $VICI

Russell Investments Group Ltd. raised its stake in VICI Properties Inc. (NYSE:VICI) by 28.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,609,084 shares of the company’s stock after buying an additional 1,237,145 shares during the period. Russell Investments Group Ltd.’s holdings in VICI Properties were worth $182,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VICI. Norges Bank acquired a new position in shares of VICI Properties during the second quarter worth $486,945,000. Allianz Asset Management GmbH lifted its stake in shares of VICI Properties by 11.7% in the 3rd 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 last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VICI Properties by 11.9% during the 2nd 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 in the last quarter. Geode Capital Management LLC grew its position in VICI Properties by 7.1% during the 2nd 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 during the last quarter. Finally, Barclays PLC grew its position in VICI Properties by 54.0% during the 3rd quarter. Barclays PLC now owns 5,686,520 shares of the company’s stock worth $185,437,000 after acquiring an additional 1,993,245 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on VICI shares. Robert W. Baird dropped their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Evercore reaffirmed an “in-line” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. 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 report on Wednesday, December 3rd. Finally, Mizuho dropped their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.69.

VICI Properties Price Performance

Shares of NYSE VICI opened at $29.63 on Monday. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03. The firm has a fifty day simple moving average of $28.86 and a 200 day simple moving average of $30.08. The company has a market capitalization of $31.67 billion, a PE ratio of 11.35, a P/E/G ratio of 3.40 and a beta of 0.67. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.59.

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

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.