Jefferies Financial Group Inc. Invests $89.85 Million in VICI Properties Inc. (NYSE:VICI)

Key Points

• Jefferies Financial Group Inc. has acquired 2,754,299 shares of VICI Properties Inc., valued at approximately $89.85 million, making it the company's 6th largest holding.
• VICI Properties recently announced a quarterly dividend of $0.4325 per share, reflecting a 5.3% annualized yield, with a dividend payout ratio of 66.28%.
• Wall Street analysts show a positive outlook for VICI Properties, with a consensus rating of "Moderate Buy" and an average target price of $35.40.

Jefferies Financial Group Inc. acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,754,299 shares of the company's stock, valued at approximately $89,845,000. VICI Properties comprises 0.8% of Jefferies Financial Group Inc.'s investment portfolio, making the stock its 6th largest holding. Jefferies Financial Group Inc. owned approximately 0.26% of VICI Properties at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VICI. Blackhawk Capital Partners LLC. raised its stake in VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after buying an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. purchased a new position in shares of VICI Properties in the 4th quarter valued at approximately $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties in the 1st quarter worth approximately $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the 4th quarter worth approximately $2,773,000. Finally, Columbus Macro LLC grew its position in VICI Properties by 7.8% during the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after purchasing an additional 8,967 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VICI. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley boosted their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Robert W. Baird raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.58 on Friday. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $34.42 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 4.17 and a beta of 0.70. The business has a 50-day simple moving average of $32.54 and a 200-day simple moving average of $31.70.

VICI Properties (NYSE:VICI - Get Free Report) last announced 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 return on equity of 10.27% and a net margin of 70.20%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same period last year, the business earned $0.57 earnings per share. VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect 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. Investors of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.3%. VICI Properties's dividend payout ratio is 66.28%.

VICI Properties 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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