VICI Properties Inc. $VICI Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 1.9% during the second quarter, HoldingsChannel reports. The fund owned 143,535 shares of the company’s stock after buying an additional 2,718 shares during the period. New York Life Investment Management LLC’s holdings in VICI Properties were worth $4,679,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after acquiring an additional 1,755,385 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after purchasing an additional 11,458,239 shares in the last quarter. Northern Trust Corp lifted its stake in VICI Properties by 13.2% during the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company’s stock worth $448,304,000 after purchasing an additional 1,606,559 shares in the last quarter. Invesco Ltd. lifted its stake in VICI Properties by 0.6% during the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company’s stock worth $440,096,000 after purchasing an additional 77,544 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in VICI Properties by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company’s stock worth $402,700,000 after purchasing an additional 135,836 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on VICI. Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Barclays upped their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Mizuho upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Evercore ISI upped their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Citigroup restated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $36.08.

VICI Properties Stock Down 2.2%

Shares of NYSE VICI opened at $29.70 on Thursday. The stock has a market cap of $31.67 billion, a P/E ratio of 11.38, a PEG ratio of 3.03 and a beta of 0.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03. The business’s fifty day simple moving average is $32.27 and its 200-day simple moving average is $32.36.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.1%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio is currently 68.97%.

About VICI Properties

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.