Cbre Investment Management Listed Real Assets LLC Has $80.88 Million Stake in VICI Properties Inc. $VICI

Cbre Investment Management Listed Real Assets LLC boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 50.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,479,465 shares of the company’s stock after purchasing an additional 827,611 shares during the period. VICI Properties accounts for approximately 1.2% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 27th largest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in VICI Properties were worth $80,880,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in VICI Properties during the first quarter worth about $29,000. AdvisorNet Financial Inc grew its stake in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock worth $33,000 after buying an additional 786 shares in the last quarter. CoreCap Advisors LLC grew its stake in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Avalon Trust Co bought a new position in shares of VICI Properties in the first quarter worth about $35,000. Finally, Quarry LP lifted its holdings in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 1.3%

Shares of NYSE VICI opened at $33.3940 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The firm has a 50 day moving average price of $32.91 and a two-hundred day moving average price of $32.07. The stock has a market cap of $35.61 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 3.30 and a beta of 0.68.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.2%. VICI Properties’s dividend payout ratio (DPR) is presently 66.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICI. Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Stifel Nicolaus increased their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley increased their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

VICI Properties Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.