Y Intercept Hong Kong Ltd Has $2.33 Million Stock Position in VICI Properties Inc. $VICI

Y Intercept Hong Kong Ltd lessened its position in shares of VICI Properties Inc. (NYSE:VICI) by 65.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 71,498 shares of the company’s stock after selling 134,059 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in VICI Properties were worth $2,332,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VICI. Norges Bank bought a new stake in shares of VICI Properties during the 2nd quarter valued at about $486,945,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of VICI Properties in the 2nd quarter valued at $110,366,000. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of VICI Properties by 125.4% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after acquiring an additional 3,108,475 shares during the period. JPMorgan Chase & Co. grew its holdings in VICI Properties by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after purchasing an additional 2,326,747 shares during the period. Finally, Geode Capital Management LLC increased its stake in VICI Properties by 7.1% in the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after purchasing an additional 2,281,688 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 analysts recently weighed in on VICI shares. The Goldman Sachs Group dropped their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a research report on Monday, January 5th. Barclays reduced their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Stifel Nicolaus reduced their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Price Performance

Shares of VICI stock traded down $0.03 during trading hours on Wednesday, hitting $28.47. 210,030 shares of the company’s stock were exchanged, compared to its average volume of 10,214,571. The company has a market capitalization of $30.43 billion, a PE ratio of 10.87, a PEG ratio of 2.84 and a beta of 0.70. The business’s 50 day simple moving average is $28.28 and its 200-day simple moving average is $30.80. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month high of $34.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. VICI Properties’s dividend payout ratio is 68.70%.

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.