Banco Santander S.A. Purchases New Holdings in VICI Properties Inc. (NYSE:VICI)

Banco Santander S.A. purchased a new stake in VICI Properties Inc. (NYSE:VICIGet Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 372,173 shares of the company’s stock, valued at approximately $10,592,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. National Bank of Canada FI bought a new stake in VICI Properties during the fourth quarter worth $64,000. Commonwealth Equity Services LLC lifted its stake in VICI Properties by 76.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 54,729 shares of the company’s stock worth $1,647,000 after purchasing an additional 23,694 shares during the last quarter. Yousif Capital Management LLC bought a new stake in VICI Properties during the fourth quarter worth $992,000. CWM LLC bought a new position in shares of VICI Properties in the 4th quarter valued at $48,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of VICI Properties by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 93,666 shares of the company’s stock valued at $2,819,000 after acquiring an additional 3,640 shares during the last quarter.

VICI Properties Trading Up 1.3 %

Shares of VICI Properties stock opened at $34.45 on Friday. The business has a 50-day moving average price of $31.40 and a two-hundred day moving average price of $29.44. VICI Properties Inc. has a 1-year low of $26.23 and a 1-year high of $34.68. The company has a market cap of $33.18 billion, a P/E ratio of 34.11, a PEG ratio of 2.00 and a beta of 0.96.

VICI Properties (NYSE:VICIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). VICI Properties had a return on equity of 8.82% and a net margin of 34.06%. The business had revenue of $416.20 million for the quarter, compared to analyst estimates of $410.84 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Equities research analysts forecast that VICI Properties Inc. will post 1.91 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 23rd were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, June 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 4.18%. VICI Properties’s payout ratio is currently 142.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VICI. Truist Financial increased their price target on VICI Properties from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 20th. JPMorgan Chase & Co. began coverage on VICI Properties in a research note on Tuesday, May 3rd. They issued an “overweight” rating for the company. Evercore ISI reiterated an “outperform” rating and issued a $37.00 price target on shares of VICI Properties in a research note on Wednesday, July 20th. LADENBURG THALM/SH SH increased their price target on VICI Properties from $33.50 to $36.00 in a research note on Wednesday, July 27th. Finally, The Goldman Sachs Group increased their price objective on VICI Properties from $35.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $35.82.

About VICI Properties

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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 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

Further Reading

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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