Townsquare Capital LLC Purchases 13,705 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Townsquare Capital LLC increased its holdings in VICI Properties by **50.3%**, acquiring an additional **13,705 shares**, bringing its total to **40,953 shares** valued at approximately **$1.336 million**.
• VICI Properties reported earnings of **$0.60 per share**, matching analysts' expectations, with a revenue of **$1 billion**, reflecting a year-over-year increase of **4.6%**.
• The company announced a quarterly dividend of **$0.4325 per share**, resulting in an annualized dividend of **$1.73** and a yield of **5.2%**, alongside an overall **66.28% dividend payout ratio**.

Townsquare Capital LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,953 shares of the company's stock after purchasing an additional 13,705 shares during the period. Townsquare Capital LLC's holdings in VICI Properties were worth $1,336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Transce3nd LLC purchased a new position in shares of VICI Properties in the fourth quarter worth about $28,000. Wayfinding Financial LLC purchased a new position in shares of VICI Properties in the first quarter worth about $29,000. CoreCap Advisors LLC increased its holdings in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after buying an additional 1,000 shares during the period. Quarry LP increased its holdings in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after buying an additional 897 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after buying an additional 786 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.4%

VICI stock opened at $33.01 on Thursday. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The business's 50 day moving average price is $32.81 and its two-hundred day moving average price is $31.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $35.20 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68.

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

VICI Properties Announces Dividend

The company also recently announced 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 was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. VICI Properties's dividend payout ratio is 66.28%.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Truist Financial lifted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus boosted 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. Finally, Morgan Stanley boosted 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus target price of $35.40.

About VICI Properties

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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