Banque Cantonale Vaudoise Buys New Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in VICI Properties Inc., purchasing 50,567 shares valued at approximately $1.65 million in the first quarter of the year.
• VICI Properties reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations, and had a revenue of $1 billion, exceeding forecasts.
• Recent analyst upgrades suggest a positive outlook for VICI Properties, with target prices rising and a consensus rating of "Moderate Buy" from multiple analysts.

Banque Cantonale Vaudoise bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,567 shares of the company's stock, valued at approximately $1,650,000.

Several other hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its holdings in VICI Properties by 141,020.6% during the 1st quarter. Picton Mahoney Asset Management now owns 47,981 shares of the company's stock worth $1,564,000 after purchasing an additional 47,947 shares during the last quarter. Norden Group LLC raised its holdings in VICI Properties by 38.3% in the 1st quarter. Norden Group LLC now owns 21,457 shares of the company's stock valued at $700,000 after acquiring an additional 5,943 shares in the last quarter. Mackenzie Financial Corp raised its holdings in VICI Properties by 3.8% in the 1st quarter. Mackenzie Financial Corp now owns 3,516,238 shares of the company's stock valued at $114,700,000 after acquiring an additional 127,619 shares in the last quarter. TCW Group Inc. raised its holdings in VICI Properties by 36.0% in the 1st quarter. TCW Group Inc. now owns 168,254 shares of the company's stock valued at $5,488,000 after acquiring an additional 44,523 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in VICI Properties by 14.0% in the 1st quarter. LPL Financial LLC now owns 1,162,574 shares of the company's stock valued at $37,923,000 after acquiring an additional 142,462 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock traded up $0.50 during midday trading on Friday, reaching $33.10. 8,681,918 shares of the stock were exchanged, compared to its average volume of 5,688,895. The stock has a market capitalization of $34.98 billion, a PE ratio of 12.68, a P/E/G ratio of 4.22 and a beta of 0.68. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week 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 2.53. The company has a fifty day moving average price of $32.57 and a 200 day moving average price of $31.73.

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

VICI Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VICI shares. Mizuho lifted their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Truist Financial lifted their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently 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.