Hsbc Holdings PLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,604,710 shares of the company's stock, valued at approximately $281,629,000. Hsbc Holdings PLC owned about 0.96% of VICI Properties at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of VICI Properties during the second quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $28,000. Bayban acquired a new stake in VICI Properties in the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC acquired a new position in VICI Properties in the first quarter valued at about $25,000. Finally, BOKF NA bought a new stake in shares of VICI Properties in the third quarter worth about $30,000. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Trading Down 1.8%
VICI stock opened at $26.31 on Wednesday. The stock has a market cap of $28.97 billion, a price-to-earnings ratio of 10.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. VICI Properties Inc. has a one year low of $25.81 and a one year high of $33.92. The company has a fifty day moving average price of $26.53 and a two-hundred day moving average price of $27.82.
VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's payout ratio is 69.77%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Cantor Fitzgerald cut their price objective on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Weiss Ratings restated a "hold (c)" rating on shares of VICI Properties in a report on Wednesday, June 24th. Morgan Stanley cut their price target on shares of VICI Properties from $38.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Finally, Scotiabank dropped their price objective on shares of VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of "Hold" and an average target price of $31.29.
Check Out Our Latest Research Report on VICI Properties
VICI Properties Profile
(
Free Report)
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.
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