2,360,250 Shares in VICI Properties Inc. $VICI Purchased by Aew Capital Management Inc.

Key Points

• Aew Capital Management bought 2,360,250 VICI Properties shares in the third quarter, worth about $54.2 million. The position represents 3.6% of its portfolio and 0.21% of VICI’s shares.
• Analysts give VICI a consensus “Moderate Buy” rating and an average price target of $29.46; eight rate it Buy and eight Hold.
• VICI reported quarterly revenue of $1.07 billion, up 5.8% year over year, but earnings per share of $0.31 fell short of the $0.72 consensus. Its quarterly dividend rose to $0.46 per share, equivalent to a 7.4% annualized yield.

Aew Capital Management Inc. purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,360,250 shares of the company's stock, valued at approximately $54,215,000. VICI Properties comprises about 3.6% of Aew Capital Management Inc.'s holdings, making the stock its 12th biggest holding. Aew Capital Management Inc. owned 0.21% of VICI Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. Maryland State Retirement & Pension System grew its position in VICI Properties by 18.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 67,229 shares of the company's stock worth $1,544,000 after purchasing an additional 10,680 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of VICI Properties in the third quarter worth about $585,000. Jefferies Financial Group Inc. purchased a new stake in shares of VICI Properties in the third quarter worth about $2,689,000. First Command Advisory Services Inc. boosted its stake in shares of VICI Properties by 13,362.7% in the third quarter. First Command Advisory Services Inc. now owns 9,020 shares of the company's stock worth $211,000 after buying an additional 8,953 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in VICI Properties by 0.6% during the third quarter. New York Life Investment Management LLC now owns 152,776 shares of the company's stock worth $3,509,000 after acquiring an additional 872 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on VICI shares. Citigroup reduced their price target on VICI Properties from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, November 5th. Weiss Ratings lowered VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, September 9th. Mizuho dropped their price objective on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 2nd. Citizens Jmp dropped their price objective on shares of VICI Properties from $35.00 to $31.00 and set a "market outperform" rating on the stock in a research note on Friday, October 2nd. Finally, Robert W. Baird set a $32.00 target price on shares of VICI Properties in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.46.

VICI Properties Trading Down 0.2%

VICI stock opened at $24.93 on Thursday. VICI Properties Inc. has a 52-week low of $22.42 and a 52-week high of $30.83. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.57. The firm has a market cap of $27.46 billion, a P/E ratio of 11.44, a PEG ratio of 2.00 and a beta of 0.64. The company's 50-day simple moving average is $23.98 and its 200-day simple moving average is $26.82.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. VICI Properties had a net margin of 56.46% and a return on equity of 8.10%. VICI Properties's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, September 17th. This is a positive change from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio is currently 84.40%.

VICI Properties Profile

VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.

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