VICI Properties Inc. (NYSE:VICI) Stock Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,962,447 shares of the company's stock after buying an additional 1,501,473 shares during the period. Hsbc Holdings PLC owned about 0.57% of VICI Properties worth $174,033,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VICI. Transce3nd LLC acquired a new position in VICI Properties in the fourth quarter valued at $28,000. Venturi Wealth Management LLC boosted its holdings in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties in the fourth quarter valued at $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties in the fourth quarter valued at $40,000. Finally, Cromwell Holdings LLC lifted its stake in shares of VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Down 0.7 %

VICI Properties stock traded down $0.23 during midday trading on Friday, hitting $32.23. The stock had a trading volume of 5,568,934 shares, compared to its average volume of 6,022,084. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $34.06 billion, a P/E ratio of 12.59, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The business has a fifty day moving average price of $31.84 and a 200 day moving average price of $31.14.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.37%. VICI Properties's dividend payout ratio is presently 67.58%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus boosted their price objective on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Mizuho boosted their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average target price of $34.93.

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.