American Assets Investment Management LLC Takes $1.18 Million Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• American Assets Investment Management LLC acquired 36,184 shares of VICI Properties Inc. for approximately $1.18 million during the first quarter, marking a significant institutional investment in the company.
• VICI Properties recently reported a quarterly earnings per share of $0.60, meeting analysts' expectations, and experienced a 4.6% revenue increase compared to the same quarter last year.
• The company announced a quarterly dividend of $0.4325 per share, resulting in an annualized dividend of $1.73 and a yield of 5.31% for shareholders.

American Assets Investment Management LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 36,184 shares of the company's stock, valued at approximately $1,180,000.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors raised its stake in shares of VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after acquiring an additional 984,421 shares during the last quarter. Geode Capital Management LLC grew its position in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after buying an additional 1,036,344 shares during the period. Capital World Investors grew its position in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after buying an additional 2,903,744 shares during the period. Invesco Ltd. grew its position in shares of VICI Properties by 5.4% during the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock worth $391,824,000 after buying an additional 692,092 shares during the period. Finally, Northern Trust Corp grew its position in shares of VICI Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after buying an additional 3,298,314 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Up 1.5%

Shares of VICI stock traded up $0.50 during trading on Friday, reaching $33.10. The company's stock had a trading volume of 8,681,918 shares, compared to its average volume of 5,688,895. The business has a fifty day moving average price of $32.57 and a 200-day moving average price of $31.73. The company has a quick ratio of 2.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $34.98 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 4.22 and a beta of 0.68. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $991.59 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. VICI Properties's dividend payout ratio is 66.28%.

Analyst Ratings Changes

VICI has been the subject of several analyst reports. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. 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 research report on Thursday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Company 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.