Engineers Gate Manager LP purchased a new stake in VICI Properties Inc (NYSE:VICI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,252 shares of the company’s stock, valued at approximately $1,095,000.
Other large investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. acquired a new stake in shares of VICI Properties in the first quarter valued at about $4,101,000. Rafferty Asset Management LLC increased its position in shares of VICI Properties by 474.5% in the second quarter. Rafferty Asset Management LLC now owns 112,127 shares of the company’s stock valued at $2,264,000 after acquiring an additional 92,609 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of VICI Properties by 7.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 575,620 shares of the company’s stock valued at $11,622,000 after acquiring an additional 40,779 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of VICI Properties by 9.0% in the first quarter. Guggenheim Capital LLC now owns 419,911 shares of the company’s stock valued at $6,987,000 after acquiring an additional 34,676 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of VICI Properties in the first quarter valued at about $67,000.
In other news, COO John W. R. Payne acquired 9,200 shares of the stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $21.63 per share, for a total transaction of $198,996.00. Following the completion of the transaction, the chief operating officer now directly owns 116,100 shares in the company, valued at $2,511,243. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Abrahamson acquired 5,000 shares of the stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $24.79 per share, with a total value of $123,950.00. Following the completion of the transaction, the director now owns 90,784 shares of the company’s stock, valued at $2,250,535.36. The disclosure for this purchase can be found here. 0.16% of the stock is owned by insiders.
A number of analysts recently issued reports on VICI shares. Scotiabank initiated coverage on VICI Properties in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $25.00 target price on the stock. Macquarie initiated coverage on VICI Properties in a report on Wednesday, July 22nd. They set a “hold” rating for the company. Wolfe Research initiated coverage on VICI Properties in a report on Wednesday, June 24th. They set an “outperform” rating and a $29.00 price target for the company. Morgan Stanley lifted their price target on VICI Properties from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Nomura Instinet lifted their price target on VICI Properties from $23.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.61.
Shares of VICI stock opened at $23.81 on Friday. The company has a current ratio of 99.57, a quick ratio of 99.57 and a debt-to-equity ratio of 0.74. The stock has a market cap of $12.71 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. The stock has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $19.81. VICI Properties Inc has a 1 year low of $9.85 and a 1 year high of $28.75.
VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $255.74 million. VICI Properties had a return on equity of 4.80% and a net margin of 46.09%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. Analysts forecast that VICI Properties Inc will post 1.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.33 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 5.54%. The ex-dividend date is Tuesday, September 29th. VICI Properties’s payout ratio is currently 80.41%.
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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