VICI Properties Inc. $VICI Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 11.7% in the third quarter, Holdings Channel.com reports. The fund owned 27,986,645 shares of the company’s stock after buying an additional 2,937,039 shares during the quarter. VICI Properties comprises about 1.0% of Allianz Asset Management GmbH’s holdings, making the stock its 12th biggest position. Allianz Asset Management GmbH’s holdings in VICI Properties were worth $912,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VICI. Dynamic Advisor Solutions LLC lifted its position in shares of VICI Properties by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock valued at $339,000 after acquiring an additional 337 shares in the last quarter. Heritage Wealth Advisors lifted its stake in VICI Properties by 18.9% in the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after acquiring an additional 350 shares in the last quarter. Bell Investment Advisors Inc grew its stake in VICI Properties by 32.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of VICI Properties by 4.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after purchasing an additional 370 shares during the period. Finally, Leo Wealth LLC lifted its position in shares of VICI Properties by 5.7% in the second quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock worth $237,000 after purchasing an additional 391 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research reports. Mizuho decreased their target price 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. Evercore ISI reissued an “in-line” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. The Goldman Sachs Group cut their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Barclays lowered 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 report on Wednesday, December 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Stock Performance

NYSE VICI opened at $27.92 on Tuesday. The company’s fifty day moving average is $28.21 and its two-hundred day moving average is $30.65. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The firm has a market capitalization of $29.84 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 2.79 and a beta of 0.70.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties’s payout ratio is currently 68.70%.

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.