Hsbc Holdings PLC raised its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 8.0% in the fourth quarter, HoldingsChannel reports. The fund owned 8,433,668 shares of the company’s stock after purchasing an additional 622,099 shares during the period. Hsbc Holdings PLC’s holdings in VICI Properties were worth $237,187,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of VICI. Bayban acquired a new position in shares of VICI Properties in the 4th quarter valued at $25,000. Rehmann Capital Advisory Group grew its position in VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after buying an additional 483 shares during the period. SHP Wealth Management acquired a new stake in VICI Properties during the fourth quarter valued at $196,000. Reflection Asset Management purchased a new position in VICI Properties in the fourth quarter valued at $29,000. Finally, DGS Capital Management LLC increased its holdings in VICI Properties by 23.6% in the fourth quarter. DGS Capital Management LLC now owns 19,938 shares of the company’s stock valued at $561,000 after buying an additional 3,806 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
VICI Properties Trading Up 0.0%
Shares of VICI Properties stock opened at $26.28 on Friday. The stock has a market cap of $28.10 billion, a P/E ratio of 9.00 and a beta of 0.65. The stock’s 50 day simple moving average is $28.20 and its 200-day simple moving average is $28.35. VICI Properties Inc. has a 1-year low of $26.27 and a 1-year high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62.
VICI Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 61.64%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Scotiabank lowered their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday. Robert W. Baird cut their price objective on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Finally, Barclays lifted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.15.
VICI Properties Profile
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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