Y Intercept Hong Kong Ltd Boosts Position in VICI Properties Inc. $VICI

Y Intercept Hong Kong Ltd boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 354.1% during the 2nd quarter, Holdings Channel reports. The fund owned 205,557 shares of the company’s stock after buying an additional 160,288 shares during the period. Y Intercept Hong Kong Ltd’s holdings in VICI Properties were worth $6,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Convergence Investment Partners LLC grew its holdings in VICI Properties by 1.1% during the 2nd quarter. Convergence Investment Partners LLC now owns 52,040 shares of the company’s stock worth $1,697,000 after acquiring an additional 541 shares in the last quarter. GoalVest Advisory LLC grew its holdings in VICI Properties by 5.8% during the 2nd quarter. GoalVest Advisory LLC now owns 38,809 shares of the company’s stock worth $1,265,000 after acquiring an additional 2,130 shares in the last quarter. Pasadena Private Wealth LLC grew its holdings in VICI Properties by 14.0% during the 2nd quarter. Pasadena Private Wealth LLC now owns 12,654 shares of the company’s stock worth $413,000 after acquiring an additional 1,556 shares in the last quarter. Delta Investment Management LLC grew its holdings in VICI Properties by 219.6% during the 2nd quarter. Delta Investment Management LLC now owns 31,922 shares of the company’s stock worth $1,041,000 after acquiring an additional 21,933 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in VICI Properties by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,040,230 shares of the company’s stock worth $294,710,000 after acquiring an additional 65,670 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. Evercore ISI increased their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Cantor Fitzgerald started coverage on shares of VICI Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $37.00 price target for the company. Morgan Stanley increased their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Finally, Mizuho increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.08.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.95 on Tuesday. The firm has a market capitalization of $33.00 billion, a P/E ratio of 11.86, a PEG ratio of 3.11 and a beta of 0.72. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $32.37 and a 200 day moving average price of $32.37. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.03.

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

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is 68.97%.

VICI Properties Profile

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.