Nuveen LLC Invests $320.18 Million in VICI Properties Inc. (NYSE:VICI)

Key Points

• Nuveen LLC acquired 9,815,419 shares of VICI Properties Inc., valued at approximately $320 million, representing about 0.93% of the company as per its recent SEC filing.
• VICI Properties reported a quarterly EPS of $0.60, meeting the consensus estimate, with revenues increasing 4.6% year-over-year to $1 billion.
• The company announced a quarterly dividend of $0.4325 per share, yielding 5.3%, with a payout ratio of 66.28%.

Nuveen LLC bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,815,419 shares of the company's stock, valued at approximately $320,179,000. Nuveen LLC owned approximately 0.93% of VICI Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in VICI Properties by 8.6% in the fourth quarter. FMR LLC now owns 3,678,416 shares of the company's stock valued at $107,447,000 after buying an additional 292,280 shares in the last quarter. FIL Ltd lifted its stake in shares of VICI Properties by 1,764.8% in the fourth quarter. FIL Ltd now owns 50,330 shares of the company's stock worth $1,470,000 after acquiring an additional 47,631 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of VICI Properties by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 556,252 shares of the company's stock valued at $16,248,000 after purchasing an additional 7,815 shares during the last quarter. Townsquare Capital LLC boosted its position in VICI Properties by 13.0% during the fourth quarter. Townsquare Capital LLC now owns 27,248 shares of the company's stock valued at $796,000 after acquiring an additional 3,127 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at about $280,000. Institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VICI. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley increased their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price target 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Stock Performance

VICI stock traded down $0.40 during midday trading on Thursday, reaching $32.60. 5,052,948 shares of the company's stock traded hands, compared to its average volume of 6,779,251. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The company has a 50-day moving average price of $32.81 and a two-hundred day moving average price of $31.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $34.77 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.3%. VICI Properties's dividend payout ratio (DPR) is presently 66.28%.

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.