Gordian Capital Singapore Pte Ltd Sells 27,222 Shares of VICI Properties Inc. $VICI

Key Points

• Gordian Capital Singapore Pte Ltd reduced its stake in VICI Properties by 28.7%, owning 67,700 shares after selling 27,222 during the first quarter.
• VICI Properties reported a net margin of 70.20% and matched analysts' earnings expectations with an EPS of $0.60 for the latest quarter.
• Institutional ownership in VICI Properties is high, with 97.71% of shares held by hedge funds and institutional investors.

Gordian Capital Singapore Pte Ltd reduced its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,700 shares of the company's stock after selling 27,222 shares during the quarter. VICI Properties comprises about 1.3% of Gordian Capital Singapore Pte Ltd's portfolio, making the stock its 16th biggest position. Gordian Capital Singapore Pte Ltd's holdings in VICI Properties were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of VICI. Price T Rowe Associates Inc. MD increased its stake in shares of VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after buying an additional 11,458,239 shares during the period. Northern Trust Corp increased its position in VICI Properties by 13.2% in the first quarter. Northern Trust Corp now owns 13,743,229 shares of the company's stock worth $448,304,000 after purchasing an additional 1,606,559 shares during the period. Invesco Ltd. increased its position in VICI Properties by 0.6% in the first quarter. Invesco Ltd. now owns 13,491,589 shares of the company's stock worth $440,096,000 after purchasing an additional 77,544 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock worth $402,700,000 after purchasing an additional 135,836 shares during the last quarter. Finally, Nuveen LLC acquired a new position in VICI Properties during the 1st quarter valued at about $320,179,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Up 0.0%

Shares of VICI traded up $0.02 during trading hours on Wednesday, reaching $33.36. The stock had a trading volume of 2,676,781 shares, compared to its average volume of 6,900,100. The company has a market cap of $35.57 billion, a P/E ratio of 12.78, a P/E/G ratio of 3.37 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. 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 firm has a 50-day moving average of $33.07 and a 200 day moving average of $32.26.

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

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio is presently 66.28%.

Analyst Ratings Changes

Several brokerages have recently commented on VICI. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.55.

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.