TCW Group Inc. Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• TCW Group Inc. increased its stake in VICI Properties Inc. by 36.0%, acquiring an additional 44,523 shares in the first quarter, bringing its total holdings to 168,254 shares worth approximately $5.49 million.
• A variety of hedge funds have also raised their positions in VICI Properties, with LPL Financial LLC and Investment Management Corp VA ADV increasing their stakes by 14.0% and 171.3%, respectively.
• Analysts have a positive outlook for VICI Properties, with an average rating of "Moderate Buy" and a target price of $35.38, as several firms have upgraded their price objectives in recent months.

TCW Group Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,254 shares of the company's stock after acquiring an additional 44,523 shares during the period. TCW Group Inc.'s holdings in VICI Properties were worth $5,488,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its stake in VICI Properties by 14.0% during the first quarter. LPL Financial LLC now owns 1,162,574 shares of the company's stock worth $37,923,000 after purchasing an additional 142,462 shares during the period. Investment Management Corp VA ADV increased its holdings in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after buying an additional 709 shares during the last quarter. Valley Wealth Managers Inc. raised its position in shares of VICI Properties by 5.4% in the 1st quarter. Valley Wealth Managers Inc. now owns 120,027 shares of the company's stock worth $3,915,000 after buying an additional 6,157 shares during the period. HB Wealth Management LLC acquired a new position in VICI Properties in the first quarter valued at $377,000. Finally, Mediolanum International Funds Ltd grew its position in VICI Properties by 0.7% during the first quarter. Mediolanum International Funds Ltd now owns 519,230 shares of the company's stock valued at $16,621,000 after acquiring an additional 3,681 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VICI shares. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Citigroup reiterated 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 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. Finally, Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Stock Performance

VICI Properties stock opened at $33.37 on Monday. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $35.27 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 4.28 and a beta of 0.70. The firm's fifty day moving average price is $32.46 and its 200 day moving average price is $31.63.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same period last year, the firm earned $0.56 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. On average, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.18%. VICI Properties's dividend payout ratio is presently 69.20%.

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.

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