National Pension Service Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Key Points

• The National Pension Service increased its stake in VICI Properties Inc. by 6.8%, holding approximately 2,023,906 shares worth $66 million as of the latest filing.
• In the last quarter, notable increases in holdings were reported by major investors, with Deutsche Bank raising its stake by 172.4% and Nuveen LLC acquiring a new position worth $320 million.
• VICI Properties recently announced a quarterly dividend of $0.4325, translating to an annual yield of 5.3%, alongside stable quarterly earnings meeting analyst expectations.

National Pension Service lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,023,906 shares of the company's stock after buying an additional 129,719 shares during the period. National Pension Service owned approximately 0.19% of VICI Properties worth $66,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. Nuveen LLC purchased a new position in shares of VICI Properties in the first quarter worth about $320,179,000. Deutsche Bank AG lifted its stake in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock worth $241,229,000 after buying an additional 4,680,136 shares in the last quarter. Northern Trust Corp lifted its stake in shares of VICI Properties by 37.3% in 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 in the last quarter. Mackenzie Financial Corp lifted its stake in shares of VICI Properties by 2,437.5% in the fourth 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. Finally, Capital World Investors lifted its stake in shares of VICI Properties by 11.4% in 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 in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of VICI opened at $32.60 on Friday. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The stock has a market cap of $34.77 billion, a PE ratio of 12.49, a P/E/G ratio of 3.30 and a beta of 0.68. The firm has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $31.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

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 analysts' consensus estimates of $0.60. The business 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 period last year, the business earned $0.57 earnings per share. As a group, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.3%. VICI Properties's payout ratio is 66.28%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VICI shares. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley raised their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Robert W. Baird raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, JMP Securities set a $35.00 price objective on shares of 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. According to MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.40.

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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.