Swiss National Bank Boosts Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• Swiss National Bank increased its holdings in VICI Properties by 0.5% during the first quarter, owning approximately 0.28% of the company, valued at $96.9 million.
• VICI Properties reported earnings of $0.60 per share for the last quarter, in line with analysts' expectations, and achieved a revenue of $1 billion, marking a 4.6% increase year-over-year.
• The company announced a quarterly dividend of $0.4325 per share, resulting in an annualized dividend yield of 5.3%.

Swiss National Bank grew its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,973,204 shares of the company's stock after purchasing an additional 14,900 shares during the quarter. Swiss National Bank owned approximately 0.28% of VICI Properties worth $96,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of VICI Properties during the first quarter worth $29,000. Transce3nd LLC bought a new position in shares of VICI Properties during the fourth quarter worth $28,000. AdvisorNet Financial Inc boosted its position in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Avalon Trust Co bought a new position in shares of VICI Properties during the first quarter worth $35,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VICI has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus increased their price objective 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Trading Down 0.6%

Shares of VICI traded down $0.19 during midday trading on Thursday, hitting $32.82. The stock had a trading volume of 510,158 shares, compared to its average volume of 6,748,033. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The firm has a market cap of $34.99 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. 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 stock's 50 day moving average is $32.81 and its 200 day moving average is $31.93.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business 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 firm posted $0.57 earnings per share. 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 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a $0.4325 dividend. 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 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.