Korea Investment CORP Invests $27.57 Million in VICI Properties Inc. $VICI

Korea Investment CORP purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,038,349 shares of the company’s stock, valued at approximately $27,568,000. Korea Investment CORP owned 0.09% of VICI Properties as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new stake in VICI Properties in the 2nd quarter valued at $285,000. Ieq Capital LLC purchased a new stake in shares of VICI Properties in the second quarter valued at $1,173,000. Callan Family Office LLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $429,000. Keebeck Wealth Management bought a new position in VICI Properties in the 2nd quarter valued at $385,000. Finally, Allworth Financial LP bought a new position in VICI Properties in the second quarter worth approximately $261,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.1%

Shares of NYSE:VICI opened at $26.55 on Friday. VICI Properties Inc. has a 52 week low of $25.81 and a 52 week high of $33.92. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $29.23 billion, a PE ratio of 10.29 and a beta of 0.65. The company’s 50 day moving average is $26.59 and its two-hundred day moving average is $27.84.

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

VICI Properties Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on VICI. Barclays reduced their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Scotiabank lowered their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald cut their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.29.

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.