Hsbc Holdings PLC Increases Position in VICI Properties Inc. $VICI

Key Points

• Hsbc Holdings PLC increased its VICI Properties stake by 9.9% in the second quarter, adding 952,165 shares to hold 10.6 million shares valued at approximately $281.6 million. Institutional investors collectively own 97.71% of VICI.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year and above estimates, but earnings per share of $0.62 missed the $0.71 consensus forecast. Analysts have a consensus “Hold” rating and an average price target of $31.
• VICI raised its quarterly dividend to $0.46 per share, up from $0.45, implying an annualized dividend of $1.84 and a yield of approximately 7.2%.

Hsbc Holdings PLC increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,604,710 shares of the company's stock after acquiring an additional 952,165 shares during the period. Hsbc Holdings PLC owned about 0.96% of VICI Properties worth $281,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its position in VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock worth $763,553,000 after acquiring an additional 734,068 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of VICI Properties during the 2nd quarter valued at approximately $4,858,000. Wilsey Asset Management Inc. increased its stake in shares of VICI Properties by 6.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company's stock worth $30,092,000 after purchasing an additional 65,853 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of VICI Properties by 24.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company's stock worth $198,619,000 after purchasing an additional 1,406,897 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of VICI Properties by 19.4% during the 1st quarter. Gabelli Funds LLC now owns 262,124 shares of the company's stock worth $7,161,000 after purchasing an additional 42,662 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $25.39 on Monday. The firm's 50 day moving average is $26.39 and its 200 day moving average is $27.62. The stock has a market capitalization of $27.96 billion, a P/E ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 12 month low of $25.34 and a 12 month high of $33.82. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This is an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.2%. VICI Properties's dividend payout ratio is 69.77%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Robert W. Baird set a $32.00 price objective on VICI Properties in a research note on Thursday, July 30th. Mizuho decreased their target price on VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Weiss Ratings restated a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Cantor Fitzgerald dropped their price target on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Finally, Wells Fargo & Company cut their price target on VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.00.

About VICI Properties

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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