Allianz Asset Management GmbH Purchases 2,937,039 Shares of VICI Properties Inc. $VICI

Allianz Asset Management GmbH boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,986,645 shares of the company’s stock after buying an additional 2,937,039 shares during the period. VICI Properties makes up about 1.0% of Allianz Asset Management GmbH’s portfolio, making the stock its 12th biggest holding. Allianz Asset Management GmbH owned about 2.62% of VICI Properties worth $912,644,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VICI. Norges Bank bought a new position in shares of VICI Properties during the 2nd quarter valued at approximately $486,945,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in VICI Properties during the second quarter valued at $110,366,000. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of VICI Properties by 125.4% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock worth $182,167,000 after buying an additional 3,108,475 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of VICI Properties by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after buying an additional 2,326,747 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of VICI Properties by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after buying an additional 2,281,688 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6%

VICI Properties stock opened at $27.92 on Tuesday. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month 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 stock has a market capitalization of $29.84 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 2.79 and a beta of 0.70. The firm has a 50 day simple moving average of $28.21 and a 200-day simple moving average of $30.65.

VICI Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VICI shares. Evercore ISI restated an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $36.00 to $30.00 in a report on Friday. Finally, The Goldman Sachs Group decreased their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Nine research analysts have rated the stock with a Buy rating and five have issued 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 price target of $33.85.

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.