Hsbc Holdings PLC Has $182.72 Million Stock Holdings in VICI Properties Inc. $VICI

Key Points

• HSBC Holdings PLC reduced its stake in VICI Properties by 6.0%, owning 5,602,710 shares valued at approximately $182.72 million as of the latest SEC filing.
• VICI Properties had a successful earnings report with $1 billion in revenue for the quarter, surpassing analyst estimates and also maintaining a strong net margin of 70.20%.
• The company declared a quarterly dividend of $0.4325 per share, representing an annualized yield of 5.3% with a payout ratio of 66.28%.

Hsbc Holdings PLC lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,602,710 shares of the company's stock after selling 359,737 shares during the period. Hsbc Holdings PLC owned 0.53% of VICI Properties worth $182,722,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of VICI Properties in the 1st quarter valued at $155,000. Wellington Management Group LLP grew its holdings in shares of VICI Properties by 33.2% in the 1st quarter. Wellington Management Group LLP now owns 139,949 shares of the company's stock valued at $4,565,000 after buying an additional 34,903 shares during the period. Korea Investment CORP grew its holdings in shares of VICI Properties by 29.0% in the 1st quarter. Korea Investment CORP now owns 956,257 shares of the company's stock valued at $31,193,000 after buying an additional 214,937 shares during the period. Northern Trust Corp grew its holdings in shares of VICI Properties by 13.2% in the 1st quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock valued at $448,304,000 after buying an additional 1,606,559 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of VICI Properties by 22.9% in the 1st quarter. Brooklyn Investment Group now owns 5,524 shares of the company's stock valued at $180,000 after buying an additional 1,030 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.4990 on Wednesday. The firm has a market cap of $34.66 billion, a PE ratio of 12.45, a PEG ratio of 3.22 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a fifty day moving average price of $32.86 and a 200 day moving average price of $32.02.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates 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%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.3%. VICI Properties's payout ratio is 66.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VICI. Truist Financial boosted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Robert W. Baird boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JMP Securities set a $35.00 price target on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley boosted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Company 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.

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