First American Trust FSB Acquires 9,910 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• First American Trust FSB increased its stake in VICI Properties Inc. by 5.5%, acquiring an additional 9,910 shares valued at approximately $6.2 million.
• VICI Properties reported earnings of $0.60 per share and revenue of $1 billion for the last quarter, exceeding analyst expectations.
• Analysts have raised their price targets for VICI Properties, with the average price target now at $35.40, reflecting a consensus rating of "Moderate Buy."

First American Trust FSB lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,349 shares of the company's stock after buying an additional 9,910 shares during the quarter. First American Trust FSB's holdings in VICI Properties were worth $6,209,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Barnett & Company Inc. raised its holdings in shares of VICI Properties by 43.5% in the first quarter. Barnett & Company Inc. now owns 71,250 shares of the company's stock valued at $2,324,000 after buying an additional 21,600 shares during the last quarter. Nuveen LLC bought a new position in shares of VICI Properties in the first quarter valued at about $320,179,000. Aigen Investment Management LP bought a new position in shares of VICI Properties in the first quarter valued at about $535,000. Invesco Ltd. raised its holdings in shares of VICI Properties by 0.6% in the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock valued at $440,096,000 after buying an additional 77,544 shares during the last quarter. Finally, Berger Financial Group Inc raised its holdings in shares of VICI Properties by 19.2% in the first quarter. Berger Financial Group Inc now owns 189,096 shares of the company's stock valued at $6,168,000 after buying an additional 30,515 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on VICI. 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 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 report on Wednesday, April 23rd. Stifel Nicolaus boosted their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Price Performance

VICI Properties stock opened at $32.90 on Friday. The firm has a market capitalization of $35.08 billion, a P/E ratio of 12.61, a PEG ratio of 3.29 and a beta of 0.68. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The business has a 50-day moving average of $32.74 and a 200-day moving average of $31.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, June 18th. VICI Properties's payout ratio is presently 66.28%.

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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