Charles Schwab Investment Management Inc. Purchases 135,836 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in VICI Properties Inc. by 1.1%, owning 12,345,173 shares valued at approximately $402.7 million.
• VICI Properties reported a quarterly earnings of $0.60 per share and a revenue of $1 billion, meeting analysts' expectations, with a year-over-year revenue increase of 4.6%.
• The company announced a quarterly dividend of $0.4325 per share, yielding around 5.3%, with a payout ratio of 66.28%.

Charles Schwab Investment Management Inc. grew its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,345,173 shares of the company's stock after acquiring an additional 135,836 shares during the period. Charles Schwab Investment Management Inc. owned about 1.17% of VICI Properties worth $402,700,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Northern Trust Corp increased its position in shares of VICI Properties by 37.3% during the fourth 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. Mackenzie Financial Corp grew its holdings in VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after purchasing an additional 3,255,078 shares during the period. Capital World Investors grew its holdings in VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after purchasing an additional 2,903,744 shares during the period. Jefferies Financial Group Inc. acquired a new stake in VICI Properties in the first quarter worth $89,845,000. Finally, Miller Howard Investments Inc. NY acquired a new stake in VICI Properties in the first quarter worth $65,750,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE:VICI traded up $0.12 during mid-day trading on Wednesday, hitting $32.99. 2,846,797 shares of the stock traded hands, compared to its average volume of 6,750,611. The business's 50-day moving average price is $32.78 and its 200 day moving average price is $31.93. The company has a market cap of $35.18 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

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

VICI Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on VICI. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus raised 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. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Truist Financial raised their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the 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.