AIA Group Ltd Purchases 35,392 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• AIA Group Ltd increased its stake in VICI Properties by 26.5%, owning 168,917 shares valued at approximately $5.51 million.
• VICI Properties reported $1 billion in revenue for the last quarter, up 4.6% year-over-year, with earnings per share matching the consensus estimate at $0.60.
• The company declared a quarterly dividend of $0.4325 per share, representing an annualized yield of 5.3% and a dividend payout ratio of 66.28%.

AIA Group Ltd increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 26.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,917 shares of the company's stock after purchasing an additional 35,392 shares during the quarter. AIA Group Ltd's holdings in VICI Properties were worth $5,510,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in shares of VICI Properties during the fourth quarter valued at approximately $28,000. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties in the first quarter valued at approximately $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 valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. 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 valued at $33,000 after purchasing an additional 897 shares during the last quarter. 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 valued at $33,000 after purchasing an additional 786 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. Robert W. Baird increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley lifted their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Finally, Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Three 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, VICI Properties currently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.40 during mid-day trading on Thursday, reaching $32.60. 5,100,310 shares of the company traded hands, compared to its average volume of 6,779,259. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market cap of $34.77 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. The stock has a fifty day simple moving average of $32.81 and a 200-day simple moving average of $31.93.

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

VICI Properties Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.3%. VICI Properties's dividend payout ratio (DPR) is 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.