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

Key Points

• American Assets Investment Management LLC has acquired a new position in VICI Properties Inc., purchasing 36,184 shares valued at approximately $1.18 million.
• VICI Properties reported a quarterly EPS of $0.60, meeting analyst expectations, with revenue of $1 billion, reflecting a 4.6% increase year-over-year.
• The company announced a quarterly dividend of $0.4325 per share, translating to an annualized dividend yield of 5.1%.

American Assets Investment Management LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 36,184 shares of the company's stock, valued at approximately $1,180,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of VICI Properties in the 1st quarter valued at $29,000. Transce3nd LLC bought a new position in shares of VICI Properties in the 4th quarter valued at $28,000. AdvisorNet Financial Inc grew its position in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC grew its position in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in VICI Properties during the 1st quarter worth $35,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 2.5%

Shares of NYSE:VICI opened at $33.94 on Tuesday. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The business's 50-day moving average is $32.62 and its 200-day moving average is $31.80. The company has a market capitalization of $36.19 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 4.29 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the company earned $0.57 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.1%. VICI Properties's dividend payout ratio is presently 66.28%.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research reports. Morgan Stanley boosted their price objective on 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 restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus boosted their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average 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.

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