58,696 Shares of VICI Properties Inc. $VICI Purchased by SMH Capital Advisors Inc.

Key Points

• SMH Capital Advisors purchased 58,696 shares of VICI Properties worth approximately $1.35 million, making VICI its fourth-largest holding at 5.1% of the portfolio. Institutional investors collectively own 97.71% of the company.
• VICI reported quarterly revenue of $1.07 billion, up 5.8% year over year and slightly above expectations, but earnings per share of $0.31 fell well short of the $0.72 consensus estimate.
• The company increased its quarterly dividend to $0.46, representing an annualized payout of $1.84 and a 7.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $29.61 versus the stock’s $24.98 price.

SMH Capital Advisors 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 58,696 shares of the company's stock, valued at approximately $1,348,000. VICI Properties comprises approximately 5.1% of SMH Capital Advisors Inc.'s portfolio, making the stock its 4th largest holding.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. bought a new position in VICI Properties in the 2nd quarter worth about $3,433,817,000. Bank of America Corp DE purchased a new position in shares of VICI Properties during the second quarter worth approximately $778,709,000. Legal & General Group Plc bought a new stake in shares of VICI Properties during the second quarter valued at approximately $366,514,000. Man Group plc bought a new stake in shares of VICI Properties during the second quarter valued at approximately $318,249,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of VICI Properties in the second quarter valued at approximately $281,629,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 2.1%

NYSE:VICI opened at $24.98 on Tuesday. The stock has a 50-day simple moving average of $24.12 and a 200-day simple moving average of $26.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 1 year low of $22.42 and a 1 year high of $30.83. The stock has a market cap of $27.50 billion, a P/E ratio of 11.46 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last posted its 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). VICI Properties had a net margin of 56.46% and a return on equity of 8.14%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts anticipate that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a $0.46 dividend. 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. This represents a $1.84 annualized dividend and a dividend yield of 7.4%. VICI Properties's payout ratio is presently 84.40%.

Wall Street Analyst Weigh In

VICI has been the topic of several research analyst reports. Cantor Fitzgerald dropped their price objective on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Morgan Stanley decreased their target price on VICI Properties from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 15th. Scotiabank decreased their price target on shares of VICI Properties from $29.00 to $26.00 and set a "sector perform" rating for the company in a research report on Thursday, September 24th. Weiss Ratings downgraded shares of VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, September 9th. Finally, Barclays cut their price objective on shares of VICI Properties from $31.00 to $28.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.61.

About VICI Properties

VICI Properties Inc NYSE: VICI is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company's portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.

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