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

Y Intercept Hong Kong Ltd trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 65.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in VICI Properties during the second quarter valued at about $486,945,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of VICI Properties during the second quarter worth approximately $110,366,000. Cbre Investment Management Listed Real Assets LLC lifted its position in 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 purchasing an additional 3,108,475 shares during the period. JPMorgan Chase & Co. boosted its position in shares of VICI Properties by 11.9% in the 2nd 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 last quarter. Finally, Geode Capital Management LLC boosted its position in shares of VICI Properties by 7.1% during the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after purchasing an additional 2,281,688 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Evercore ISI restated an “in-line” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Finally, Cantor Fitzgerald set a $33.00 price target on VICI Properties in a research report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.03 during midday trading on Wednesday, reaching $28.47. The company’s stock had a trading volume of 210,030 shares, compared to its average volume of 10,214,571. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market cap of $30.43 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.84 and a beta of 0.70. The business’s 50 day moving average price is $28.28 and its two-hundred day moving average price is $30.80. VICI Properties Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

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

VICI Properties Announces Dividend

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

VICI Properties Company 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.