Russell Investments Group Ltd. Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• Russell Investments Group Ltd. increased its stake in VICI Properties Inc. by 37.2% in Q1, owning approximately 4 million shares worth $130.7 million as per its latest SEC filing.
• VICI Properties declared a quarterly dividend of $0.4325 per share, translating to an annualized dividend of $1.73 and a dividend yield of 5.3%.
• Analysts have a consensus rating of "Moderate Buy" for VICI Properties, with target prices ranging from $35.00 to $38.00, indicating investor confidence in the stock's performance.

Russell Investments Group Ltd. lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 37.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,006,380 shares of the company's stock after buying an additional 1,087,111 shares during the period. Russell Investments Group Ltd. owned approximately 0.38% of VICI Properties worth $130,688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VICI. FMR LLC grew its position in VICI Properties by 8.6% during the 4th quarter. FMR LLC now owns 3,678,416 shares of the company's stock worth $107,447,000 after purchasing an additional 292,280 shares during the last quarter. FIL Ltd lifted its stake in VICI Properties by 1,764.8% during the 4th quarter. FIL Ltd now owns 50,330 shares of the company's stock valued at $1,470,000 after acquiring an additional 47,631 shares during the period. Rockefeller Capital Management L.P. lifted its stake in VICI Properties by 1.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 556,252 shares of the company's stock valued at $16,248,000 after acquiring an additional 7,815 shares during the period. Townsquare Capital LLC lifted its stake in VICI Properties by 13.0% during the 4th quarter. Townsquare Capital LLC now owns 27,248 shares of the company's stock valued at $796,000 after acquiring an additional 3,127 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in VICI Properties during the 4th quarter valued at approximately $280,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Trading Down 0.2%

Shares of VICI traded down $0.08 during mid-day trading on Friday, reaching $32.53. The stock had a trading volume of 8,746,825 shares, compared to its average volume of 6,792,257. 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 Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The business's fifty day moving average is $32.84 and its 200 day moving average is $31.95. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.30 and a beta of 0.68.

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, meeting analysts' consensus estimates 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 analyst estimates of $991.59 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. 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 66.28%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.40.

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.