Public Sector Pension Investment Board Increases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• The Public Sector Pension Investment Board increased its stake in VICI Properties Inc. by 3.1%, owning a total of 281,888 shares valued at approximately $9.2 million following the purchase of additional shares in Q1.
• Analysts have a consensus rating of "Moderate Buy" for VICI Properties, with target prices ranging from $35.00 to $38.00.
• VICI Properties recently declared a quarterly dividend of $0.4325, reflecting an annual yield of 5.2% and a payout ratio of 66.28%.

Public Sector Pension Investment Board boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 281,888 shares of the company's stock after purchasing an additional 8,371 shares during the quarter. Public Sector Pension Investment Board's holdings in VICI Properties were worth $9,195,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in VICI Properties in the first quarter worth $29,000. Transce3nd LLC bought a new position in shares of VICI Properties during the fourth quarter valued at $28,000. AdvisorNet Financial Inc increased its holdings in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Avalon Trust Co bought a new position in shares of VICI Properties during the first quarter valued at $35,000. Institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. Stifel Nicolaus raised their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Morgan Stanley raised their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $35.40.

VICI Properties Stock Performance

NYSE VICI traded down $0.08 during trading hours on Friday, hitting $32.53. The company's stock had a trading volume of 8,746,828 shares, compared to its average volume of 6,335,823. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The company's 50 day simple moving average is $32.86 and its two-hundred day simple moving average is $31.96. The company has a market cap of $34.69 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.26 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.

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, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given 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 (DPR) is presently 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.