Mitsubishi UFJ Asset Management Co. Ltd. Has $86.42 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• Mitsubishi UFJ Asset Management increased its position in VICI Properties by 13.6%, owning 2,649,306 shares worth $86.42 million as of the latest report.
• VICI Properties has received multiple price target upgrades from analysts, with the average target now at $35.40 and nine analysts rating it a "buy."
• The company's recent quarterly earnings showed $1 billion in revenue and earnings per share of $0.60, aligning with analysts' expectations.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,649,306 shares of the company's stock after acquiring an additional 316,474 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of VICI Properties worth $86,420,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after purchasing an additional 4,680,136 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock valued at $402,700,000 after purchasing an additional 135,836 shares during the last quarter. Provident Investment Management Inc. lifted its holdings in VICI Properties by 1.5% during the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after purchasing an additional 350 shares during the last quarter. Lester Murray Antman dba SimplyRich bought a new position in shares of VICI Properties in the first quarter worth about $216,000. Finally, iA Global Asset Management Inc. bought a new position in shares of VICI Properties in the first quarter worth about $783,000. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VICI. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus boosted their target price 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. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Trading Up 0.3%

NYSE VICI traded up $0.09 during trading on Wednesday, reaching $32.96. 3,014,797 shares of the stock traded hands, compared to its average volume of 6,751,577. The firm has a market cap of $35.14 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. The stock's 50-day moving average price is $32.78 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 issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed 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 was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties's payout ratio is currently 66.28%.

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.