Invesco Ltd. Purchases 77,544 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Invesco Ltd. increased its stake in VICI Properties Inc. by 0.6%, now owning over 13.4 million shares valued at approximately $440 million.
• VICI Properties has received favorable ratings from analysts, with price targets raised by firms including Robert W. Baird (to $36) and Truist Financial (to $38).
• The company recently announced a quarterly dividend of $0.4325 per share, translating to an annual yield of 5.3%.

Invesco Ltd. grew its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,491,589 shares of the company's stock after acquiring an additional 77,544 shares during the period. Invesco Ltd. owned 1.28% of VICI Properties worth $440,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of VICI. Capital Research Global Investors raised its stake in shares of VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after buying an additional 984,421 shares during the last quarter. Capital World Investors raised its stake in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after buying an additional 2,903,744 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of VICI Properties by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after buying an additional 135,836 shares during the last quarter. Northern Trust Corp raised its stake 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 last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of VICI Properties by 9.9% during the first quarter. Envestnet Asset Management Inc. now owns 8,974,560 shares of the company's stock worth $292,750,000 after buying an additional 807,979 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Up 0.4%

NYSE VICI traded up $0.14 during trading on Wednesday, reaching $33.01. 8,760,912 shares of the stock traded hands, compared to its average volume of 6,154,366. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. The stock's 50-day moving average price is $32.81 and its 200 day moving average price is $31.93. 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 Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

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

VICI Properties Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. 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 report on Thursday, May 1st. Finally, JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

About VICI Properties

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.