Blackstone Group Inc Makes New $33.06 Million Investment in VICI Properties Inc (NYSE:VICI)
Blackstone Group Inc purchased a new position in shares of VICI Properties Inc (NYSE:VICI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,500,000 shares of the company’s stock, valued at approximately $33,060,000. VICI Properties makes up 0.2% of Blackstone Group Inc’s investment portfolio, making the stock its 20th biggest position. Blackstone Group Inc owned approximately 0.33% of VICI Properties at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its holdings in shares of VICI Properties by 142.7% during the second quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock valued at $82,000 after acquiring an additional 2,182 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $86,000. FNY Investment Advisers LLC acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $88,000. Advisor Group Inc. increased its holdings in shares of VICI Properties by 19.0% in the second quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock valued at $119,000 after purchasing an additional 861 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $230,000.
In other VICI Properties news, insider John W. R. Payne purchased 10,635 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $225,249.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward Baltazar Pitoniak purchased 15,200 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $21.29 per share, for a total transaction of $323,608.00. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.
VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $220.75 million during the quarter, compared to analysts’ expectations of $216.90 million. VICI Properties had a return on equity of 8.15% and a net margin of 64.39%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. As a group, research analysts expect that VICI Properties Inc will post 1.44 EPS for the current fiscal year.
The company also recently declared a 0.28750 dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be given a dividend of $0.2975 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 5.3%. VICI Properties’s dividend payout ratio is currently 80.42%.
Several equities research analysts recently commented on VICI shares. Zacks Investment Research raised VICI Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Wells Fargo & Co raised VICI Properties from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $23.00 to $24.50 in a research note on Monday, July 1st. Morgan Stanley raised VICI Properties from an “equal” rating to a “weight” rating and raised their target price for the stock from $25.00 to $26.00 in a research note on Monday, August 26th. Finally, Goldman Sachs Group raised VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. VICI Properties currently has an average rating of “Buy” and a consensus price target of $25.41.
VICI Properties Profile
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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