Fidelity National Financial Inc. Increases Stake in VICI Properties Inc. (NYSE:VICI)

Key Points

• Fidelity National Financial Inc. increased its stake in VICI Properties Inc. by 46.4%, acquiring an additional 317,000 shares, bringing its total to 1,000,000 shares, which accounts for 0.7% of its portfolio.
• Other institutional investors, including Northern Trust Corp and Mackenzie Financial Corp, have also significantly increased their holdings in VICI Properties, indicating strong institutional interest.
• VICI Properties reported $1 billion in revenue for the quarter with an earnings per share (EPS) of $0.60, matching analysts' expectations.

Fidelity National Financial Inc. increased its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 46.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,000 shares of the company's stock after buying an additional 317,000 shares during the quarter. VICI Properties accounts for 0.7% of Fidelity National Financial Inc.'s portfolio, making the stock its 5th largest position. Fidelity National Financial Inc. owned about 0.09% of VICI Properties worth $32,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of VICI Properties by 37.3% in 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 position in VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after acquiring an additional 3,255,078 shares during the last quarter. Capital World Investors increased its stake in VICI Properties by 11.4% in the 4th 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. bought a new stake in VICI Properties in the first quarter valued at approximately $89,845,000. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of VICI Properties during the first quarter valued at approximately $65,750,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE VICI opened at $32.58 on Friday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The stock has a 50-day moving average of $32.54 and a 200 day moving average of $31.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market capitalization of $34.42 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 4.17 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last issued its 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 10.27%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same quarter last year, the company posted $0.57 earnings per share. The firm's quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors 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 dividend on an annualized basis and a dividend yield of 5.3%. VICI Properties's dividend payout ratio (DPR) is presently 66.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VICI. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus upped their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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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