HGI Capital Management LLC Makes New Investment in VICI Properties Inc. $VICI

Key Points

• HGI Capital Management LLC acquired 187,878 shares of VICI Properties Inc. valued at approximately $6,129,000, representing about 7.6% of its total holdings.
• VICI Properties recently declared a quarterly dividend of $0.4325 per share, reflecting an annualized dividend yield of 5.1%.
• Analysts have raised their price targets for VICI Properties, with a consensus rating of "Moderate Buy" and an average target price of $35.50.

HGI Capital Management LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 187,878 shares of the company's stock, valued at approximately $6,129,000. VICI Properties accounts for 7.6% of HGI Capital Management LLC's holdings, making the stock its 3rd biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. CoreCap Advisors LLC raised its position in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP raised its position in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in shares of VICI Properties during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.36 during trading on Monday, reaching $33.87. The company had a trading volume of 7,845,531 shares, compared to its average volume of 7,920,051. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The stock's fifty day moving average price is $33.04 and its 200 day moving average price is $32.22. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.1%. VICI Properties's payout ratio is 66.28%.

Analysts Set New Price Targets

VICI has been the topic of several research analyst reports. Morgan Stanley lifted their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank reaffirmed an "outperform" rating on shares of VICI Properties in a research report on Thursday. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price target on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average price target of $35.55.

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.