Natixis Advisors LLC Buys 34,372 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Natixis Advisors LLC increased its stake in VICI Properties by 19.1% in Q1 2023, owning 214,203 shares valued at nearly $7 million.
• VICI Properties reported a quarterly earnings per share of $0.60, meeting analysts' expectations, with revenues increasing by 4.6% year-over-year.
• The company declared a quarterly dividend of $0.4325 per share, reflecting a 5.1% yield and a payout ratio of 66.28%.

Natixis Advisors LLC increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,203 shares of the company's stock after buying an additional 34,372 shares during the period. Natixis Advisors LLC's holdings in VICI Properties were worth $6,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. lifted its stake in VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after purchasing an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in VICI Properties during the fourth quarter valued at approximately $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties during the first quarter valued at approximately $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties during the fourth quarter valued at approximately $2,773,000. Finally, Columbus Macro LLC lifted its stake in VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after purchasing an additional 8,967 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.2%

Shares of VICI traded up $0.06 during mid-day trading on Thursday, hitting $33.07. 6,725,759 shares of the company's stock were exchanged, compared to its average volume of 6,800,842. The firm has a fifty day moving average of $32.69 and a two-hundred day moving average of $31.82. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The stock has a market cap of $35.27 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.36 and a beta of 0.68. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties's dividend payout ratio (DPR) is presently 66.28%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Truist Financial increased 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. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Robert W. Baird upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties 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.