Greenland Capital Management LP Invests $7.81 Million in VICI Properties Inc. $VICI

Greenland Capital Management LP purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 239,507 shares of the company’s stock, valued at approximately $7,808,000. VICI Properties makes up about 0.8% of Greenland Capital Management LP’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. Kestra Private Wealth Services LLC lifted its holdings in shares of VICI Properties by 34.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 45,066 shares of the company’s stock valued at $1,470,000 after acquiring an additional 11,671 shares during the last quarter. IFP Advisors Inc raised its position in VICI Properties by 84.8% during the first quarter. IFP Advisors Inc now owns 3,264 shares of the company’s stock valued at $106,000 after purchasing an additional 1,498 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of VICI Properties by 6.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 81,307 shares of the company’s stock valued at $2,652,000 after purchasing an additional 4,720 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of VICI Properties by 187.8% in the 1st quarter. Lindbrook Capital LLC now owns 11,469 shares of the company’s stock worth $374,000 after purchasing an additional 7,484 shares during the period. Finally, Wealth Alliance LLC bought a new position in shares of VICI Properties during the 1st quarter valued at approximately $382,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Down 1.9%

NYSE VICI opened at $29.56 on Wednesday. The company’s 50-day simple moving average is $31.34 and its two-hundred day simple moving average is $32.16. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.03. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a dividend of $0.45 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.1%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Analyst Ratings Changes

Several research analysts have commented on VICI shares. Barclays lifted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Evercore ISI dropped their price target on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Mizuho increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Thursday, November 13th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.38.

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.