OVERSEA CHINESE BANKING Corp Ltd Has $3.27 Million Position in VICI Properties Inc. $VICI

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 11.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,419 shares of the company’s stock after selling 12,485 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in VICI Properties were worth $3,274,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in VICI Properties during the 1st quarter worth $29,000. Hoey Investments Inc. bought a new position in VICI Properties during the 2nd quarter worth $33,000. Avalon Trust Co bought a new position in VICI Properties during the 1st quarter worth $35,000. Investment Management Corp VA ADV increased its stake in VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock worth $37,000 after acquiring an additional 709 shares during the period. Finally, Kestra Investment Management LLC increased its stake in VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock worth $58,000 after acquiring an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on VICI. Stifel Nicolaus raised their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. JMP Securities set a $35.00 price target on VICI Properties in a research note on Tuesday, July 22nd. Evercore ISI lifted their price target on VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. lifted their price target on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, Mizuho lifted their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.08.

VICI Properties Trading Down 0.8%

NYSE VICI opened at $30.95 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.03. The company has a market cap of $33.00 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. The business’s fifty day moving average is $32.37 and its 200 day moving average is $32.37.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same quarter last year, the business posted $0.57 EPS. VICI Properties’s revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s dividend payout ratio (DPR) is presently 68.97%.

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.