Greenland Capital Management LP Purchases Shares of 239,507 VICI Properties Inc. $VICI

Greenland Capital Management LP bought a new stake in VICI Properties Inc. (NYSE:VICI) during the second quarter, HoldingsChannel reports. The fund bought 239,507 shares of the company’s stock, valued at approximately $7,808,000. VICI Properties makes up about 0.8% of Greenland Capital Management LP’s investment portfolio, making the stock its 29th largest position.

Other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of VICI Properties by 85.3% in the second quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after acquiring an additional 9,451 shares during the period. State of Michigan Retirement System lifted its holdings in shares of VICI Properties by 5.9% in the 2nd quarter. State of Michigan Retirement System now owns 302,800 shares of the company’s stock valued at $9,871,000 after buying an additional 16,800 shares during the period. Cullen Frost Bankers Inc. grew its holdings in VICI Properties by 33.8% during the second quarter. Cullen Frost Bankers Inc. now owns 6,144 shares of the company’s stock worth $200,000 after acquiring an additional 1,551 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in VICI Properties by 86.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 27,451 shares of the company’s stock valued at $895,000 after acquiring an additional 12,737 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $223,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Down 1.9%

Shares of VICI Properties stock opened at $29.56 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The stock’s 50 day simple moving average is $31.34 and its 200-day simple moving average is $32.16. The stock has a market cap of $31.59 billion, a P/E ratio of 11.28, a P/E/G ratio of 3.00 and a beta of 0.72. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.03.

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 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a dividend of $0.45 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Cantor Fitzgerald decreased their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Thursday, November 13th. Finally, JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.