Hsbc Holdings PLC Increases Stake in VICI Properties Inc. (NYSE:VICI)

Hsbc Holdings PLC increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 35.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,520,598 shares of the company’s stock after buying an additional 1,185,463 shares during the period. Hsbc Holdings PLC owned about 0.43% of VICI Properties worth $129,321,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC boosted its position in VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP boosted its position in VICI Properties by 143.1% during the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares in the last quarter. UMB Bank n.a. boosted its position in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its position in VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in VICI Properties during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $33.06 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The company has a market cap of $34.62 billion, a PE ratio of 13.07, a P/E/G ratio of 5.35 and a beta of 0.94. The business has a 50-day simple moving average of $31.99 and a two-hundred day simple moving average of $29.87.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be issued a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.23%. VICI Properties’s payout ratio is 65.61%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

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.