National Bank of Canada FI Boosts Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• National Bank of Canada FI increased its stake in VICI Properties Inc. by 26% in the first quarter, owning 357,663 shares valued at approximately $11.67 million after purchasing an additional 73,726 shares.
• The company reported a quarterly earnings per share of $0.60 and increased its revenue to $1 billion, surpassing analysts' consensus estimates.
• VICI Properties recently announced a quarterly dividend of $0.4325, translating to an annualized dividend of $1.73 and a yield of 5.3%.

National Bank of Canada FI increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 26.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 357,663 shares of the company's stock after buying an additional 73,726 shares during the quarter. National Bank of Canada FI's holdings in VICI Properties were worth $11,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after purchasing an additional 4,680,136 shares in the last quarter. Northern Trust Corp raised its stake in shares of VICI Properties by 37.3% during the 4th 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 in the last quarter. Mackenzie Financial Corp raised its stake in shares of 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 buying an additional 3,255,078 shares in 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 valued at $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in VICI Properties during the first quarter worth $89,845,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VICI shares. Stifel Nicolaus lifted their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Price Performance

NYSE:VICI traded down $0.05 during mid-day trading on Friday, reaching $32.57. The stock had a trading volume of 3,134,182 shares, compared to its average volume of 6,755,627. The stock has a market capitalization of $34.73 billion, a PE ratio of 12.48, a P/E/G ratio of 3.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $31.95. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29.

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 (EPS) 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 firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same period in the prior year, the company posted $0.57 EPS. The company's revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

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