NewEdge Wealth LLC Buys 727,470 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• NewEdge Wealth LLC increased its holdings in VICI Properties by an impressive 3,115.8%, owning approximately 0.07% of the company valued at $24.49 million as of the latest SEC filing.
• Analysts remain positive on VICI Properties, with multiple firms raising their price targets; the current consensus price target is $35.40 and the stock holds an average rating of "Moderate Buy."
• VICI announced a quarterly dividend of $0.4325 per share, equating to an annualized dividend of $1.73 and a yield of 5.2%, highlighting its strong financial performance.

NewEdge Wealth LLC raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 3,115.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 750,818 shares of the company's stock after purchasing an additional 727,470 shares during the period. NewEdge Wealth LLC owned approximately 0.07% of VICI Properties worth $24,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp increased its position in VICI Properties by 37.3% in the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after acquiring an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp increased its position in VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after acquiring an additional 3,255,078 shares in the last quarter. Capital World Investors increased its position 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 acquiring an additional 2,903,744 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $89,845,000. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $65,750,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.5%

Shares of NYSE:VICI traded up $0.15 on Thursday, hitting $33.16. 1,221,360 shares of the company traded hands, compared to its average volume of 6,763,252. 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 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $32.69 and a 200-day simple moving average of $31.82. The company has a market cap of $35.36 billion, a PE ratio of 12.69, a PEG ratio of 3.36 and a beta of 0.68.

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

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. 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 5.2%. VICI Properties's payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VICI. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Truist Financial increased their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus increased their price objective 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. Finally, Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.