VICI Properties Inc. (NYSE:VICI) Stake Cut by Ontario Teachers Pension Plan Board

Key Points

• The Ontario Teachers Pension Plan Board reduced its stake in VICI Properties Inc. by 58.4% during the 1st quarter, holding 6,204 shares worth approximately $202,000 after selling 8,714 shares.
• VICI Properties reported $1 billion in revenue and earnings of $0.60 per share for the quarter ending July 30th, meeting analyst expectations.
• The company announced a quarterly dividend of $0.4325 per share, representing an annualized yield of 5.3%, with a payout ratio of 66.28%.

Ontario Teachers Pension Plan Board decreased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 58.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,204 shares of the company's stock after selling 8,714 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in VICI Properties were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its stake in VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Capital World Investors boosted its stake in VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after buying an additional 2,903,744 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock valued at $402,700,000 after buying an additional 135,836 shares in the last quarter. Northern Trust Corp boosted its stake in VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after buying an additional 3,298,314 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in VICI Properties by 9.9% during the first quarter. Envestnet Asset Management Inc. now owns 8,974,560 shares of the company's stock valued at $292,750,000 after buying an additional 807,979 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VICI shares. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Trading Down 1.2%

Shares of NYSE VICI traded down $0.40 during mid-day trading on Thursday, hitting $32.60. 5,100,310 shares of the company traded hands, compared to its average volume of 6,266,411. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The stock has a market capitalization of $34.77 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.30 and a beta of 0.68. 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 business has a 50 day moving average of $32.84 and a two-hundred day moving average of $31.95.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The firm 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%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

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

VICI Properties Company 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.