Hsbc Holdings PLC increased its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,652,545 shares of the company’s stock after purchasing an additional 1,218,877 shares during the period. Hsbc Holdings PLC’s holdings in VICI Properties were worth $263,802,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in VICI. NewEdge Advisors LLC lifted its position in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP grew its holdings in VICI Properties by 41.3% in the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after buying an additional 26,017 shares during the period. Jump Financial LLC grew its holdings in VICI Properties by 45.0% in the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after buying an additional 8,259 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of VICI Properties by 96.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after acquiring an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after acquiring an additional 2,775 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Stock Performance
NYSE VICI opened at $26.88 on Friday. The firm has a market capitalization of $28.74 billion, a P/E ratio of 9.21 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The business’s 50-day simple moving average is $27.44 and its 200-day simple moving average is $28.15.
VICI Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties’s payout ratio is currently 61.64%.
Analyst Ratings Changes
Several research firms recently issued reports on VICI. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research report on Monday, May 4th. Scotiabank cut their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Wells Fargo & Company decreased their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Barclays boosted their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.21.
Check Out Our Latest Research Report on VICI
VICI Properties Profile
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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