Lecap Asset Management Ltd. Takes $1.25 Million Position in VICI Properties Inc. $VICI

Lecap Asset Management Ltd. acquired a new position in VICI Properties Inc. (NYSE:VICI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,184 shares of the company’s stock, valued at approximately $1,245,000.

A number of other hedge funds have also added to or reduced their stakes in VICI. HB Wealth Management LLC lifted its position in VICI Properties by 24.9% during the 3rd quarter. HB Wealth Management LLC now owns 14,386 shares of the company’s stock worth $469,000 after buying an additional 2,870 shares in the last quarter. Burford Brothers Inc. grew its holdings in shares of VICI Properties by 9.8% in the 3rd quarter. Burford Brothers Inc. now owns 32,195 shares of the company’s stock valued at $1,050,000 after acquiring an additional 2,871 shares in the last quarter. Spire Wealth Management increased its position in shares of VICI Properties by 92.4% in the third quarter. Spire Wealth Management now owns 5,927 shares of the company’s stock valued at $193,000 after acquiring an additional 2,847 shares during the last quarter. Park Avenue Securities LLC bought a new stake in VICI Properties during the third quarter worth about $2,126,000. Finally, Greenleaf Trust boosted its position in VICI Properties by 4.9% during the third quarter. Greenleaf Trust now owns 13,698 shares of the company’s stock valued at $447,000 after purchasing an additional 645 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 1.0%

Shares of NYSE:VICI opened at $27.57 on Thursday. VICI Properties Inc. has a 12-month low of $27.55 and a 12-month high of $34.03. The business has a 50 day moving average of $28.79 and a 200-day moving average of $31.26. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market cap of $29.47 billion, a PE ratio of 10.52, a P/E/G ratio of 2.77 and a beta of 0.70.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.57 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, December 17th. VICI Properties’s payout ratio is presently 68.70%.

Analyst Ratings Changes

A number of research firms have weighed in on VICI. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Stifel Nicolaus decreased their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Evercore ISI reiterated an “in-line” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. JPMorgan Chase & Co. lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Finally, Barclays dropped their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Company 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.