VICI Properties Inc. (NYSE:VICI) Stock Position Raised by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in VICI Properties Inc. by 0.1%, now owning approximately 14.59% of the company, which is valued at over $5 billion.
• Institutional investors hold a significant majority of VICI Properties, with about 97.71% of the stock owned by hedge funds and other institutions.
• VICI Properties reported a quarterly earnings per share of $0.60, meeting analysts' expectations, with a revenue increase of 4.6% compared to the same quarter last year.

Vanguard Group Inc. increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 0.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 154,165,699 shares of the company's stock after buying an additional 192,866 shares during the quarter. Vanguard Group Inc. owned about 14.59% of VICI Properties worth $5,028,885,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Wayfinding Financial LLC bought a new position in VICI Properties during the 1st quarter worth approximately $29,000. Transce3nd LLC bought a new stake in shares of VICI Properties in the 4th quarter worth approximately $28,000. AdvisorNet Financial Inc lifted its holdings in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in shares of VICI Properties in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VICI. Stifel Nicolaus raised their price target on VICI Properties from $34.75 to $35.00 and gave the stock 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. Morgan Stanley raised their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. 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 report on Thursday, May 1st. Finally, 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 report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Price Performance

Shares of VICI stock traded down $0.11 during mid-day trading on Friday, hitting $32.90. 4,523,701 shares of the stock traded hands, compared to its average volume of 6,251,571. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. The company's 50-day simple moving average is $32.74 and its 200-day simple moving average is $31.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid 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 dividend yield of 5.3%. VICI Properties's dividend payout ratio (DPR) 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.