Teamwork Financial Advisors LLC Makes New $226,000 Investment in VICI Properties Inc (NYSE:VICI)
Teamwork Financial Advisors LLC purchased a new position in VICI Properties Inc (NYSE:VICI) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,650 shares of the company’s stock, valued at approximately $226,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. First Trust Advisors LP lifted its position in shares of VICI Properties by 216.9% in the 1st quarter. First Trust Advisors LP now owns 217,789 shares of the company’s stock worth $4,765,000 after purchasing an additional 149,067 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of VICI Properties by 2.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 757,719 shares of the company’s stock valued at $16,579,000 after acquiring an additional 17,428 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of VICI Properties by 41.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 65,040 shares of the company’s stock valued at $1,082,000 after acquiring an additional 19,172 shares during the period. Alliancebernstein L.P. lifted its position in shares of VICI Properties by 18.9% during the 1st quarter. Alliancebernstein L.P. now owns 514,029 shares of the company’s stock valued at $8,553,000 after acquiring an additional 81,547 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of VICI Properties during the 1st quarter valued at $566,000.
VICI has been the topic of a number of research reports. Citigroup boosted their target price on shares of VICI Properties from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Macquarie started coverage on shares of VICI Properties in a report on Wednesday, July 22nd. They set a “hold” rating on the stock. Nomura upped their price objective on shares of VICI Properties from $23.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Scotiabank started coverage on shares of VICI Properties in a report on Wednesday, July 1st. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, ValuEngine downgraded shares of VICI Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.89.
VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. VICI Properties had a net margin of 46.09% and a return on equity of 4.80%. The firm had revenue of $257.90 million during the quarter, compared to analyst estimates of $255.74 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that VICI Properties Inc will post 1.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were paid a $0.33 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, September 29th. This represents a $1.32 annualized dividend and a dividend yield of 5.57%. VICI Properties’s dividend payout ratio is presently 89.19%.
In related news, COO John W. R. Payne purchased 9,200 shares of VICI Properties stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $21.63 per share, for a total transaction of $198,996.00. Following the completion of the transaction, the chief operating officer now owns 116,100 shares in the company, valued at $2,511,243. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Abrahamson purchased 5,000 shares of VICI Properties stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $24.79 per share, with a total value of $123,950.00. Following the transaction, the director now owns 90,784 shares of the company’s stock, valued at approximately $2,250,535.36. The disclosure for this purchase can be found here. Corporate insiders own 0.16% of the company’s stock.
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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