On September 18, 2023, it was reported that ProShare Advisors LLC had reduced its position in VICI Properties Inc. by 18.8% during the first quarter. The company filed its 13F report with the Securities and Exchange Commission (SEC), disclosing that it had sold 44,694 shares of VICI’s stock. As a result of this transaction, ProShare Advisors LLC now owns 193,674 shares of VICI Properties.
VICI Properties Inc is an experiential real estate investment trust that is listed on the New York Stock Exchange (NYSE) under the ticker symbol VICI. It is also a member of the S&P 500 index. The company boasts one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. Some notable properties owned by VICI include Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas – three renowned entertainment establishments situated on the famous Las Vegas Strip.
This reduction in ProShare Advisors LLC’s holdings could indicate a change in their investment strategy or a reevaluation of their position in VICI Properties Inc. However, at the end of the reporting period, their remaining holdings were still valued at approximately $6,318,000.
The details provided in this filing give investors and market participants valuable insight into ProShare Advisors LLC’s activity regarding VICI Properties Inc. These filings serve as important disclosures for regulators to ensure transparency in financial markets.
Investors and interested individuals can access further information about VICI Properties by referring to our latest report on the company. This report aims to provide comprehensive analysis and detailed insights into the operations and performance of VICI Properties Inc.
As one of the leading experiential real estate investment trusts with a strong presence in prominent entertainment hubs like Las Vegas, VICI Properties continues to attract attention from investors seeking exposure to this sector. Its portfolio consists of well-known properties that are synonymous with leisure, entertainment, and hospitality.
Please note that the information provided in this article is accurate as of the referenced date and is subject to change. Investors and individuals interested in VICI Properties Inc are encouraged to conduct their own research and consult with financial advisors before making any investment decisions.
Zions Bancorporation, National Association
ZION
Strong Buy
Updated on: 25/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
VICI Properties Inc. Attracts Institutional Investors and Positive Analyst Ratings
September 18, 2023 – VICI Properties Inc., an S&P 500 experiential real estate investment trust, has recently drawn the attention of several institutional investors and hedge funds. RB Capital Management LLC, for instance, increased its stake in VICI Properties by 19.5% during the first quarter, acquiring an additional 3,415 shares and bringing its total ownership to 20,921 shares valued at $595,000. Additionally, Private Advisor Group LLC entered the market by purchasing a new position worth $357,000 in the same period. MetLife Investment Management LLC followed suit with a new position valued at $358,000.
Great West Life Assurance Co. Can also expanded its shareholding in VICI Properties by 0.3%, adding 485 shares to reach a total ownership of 144,291 shares valued at $4,334,000. Yousif Capital Management LLC experienced a growth of 11.9%, acquiring an additional 3,938 shares and bringing its stake to 36,900 shares with a value of $1,050,000.
According to reports on institutional ownership data sourced from Bloomberg as of the current date,”96.79% of the stock is currently owned by institutional investors.”
In terms of equity analysis coverage provided by various research firms, equities analysts have expressed their opinions about VICI Properties. Morgan Stanley reiterated an “equal weight” rating and set a price objective of $32.00 per share on Tuesday, August 1st. JMP Securities also reconfirmed their “market outperform” rating with a target price of $38.00 per share on Friday.
Deutsche Bank Aktiengesellschaft had been positive on VICI Properties but downgraded it from “buy” to “hold.” They lowered their price objective from $39 to $34 on Wednesday July 5th.
On Wednesday June14th,BNP Paribas initiated coverage on the stock assigning an “outperform” rating and a $41.00 price target.
Currently, two research analysts have rated the stock as a hold, while seven have issued a buy rating. Bloomberg reports that the consensus rating for the company is a “Moderate Buy,” with an average target price of $36.20.
VICI Properties Inc. stands as an S&P 500 experiential real estate investment trust that boasts one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. The iconic properties it owns include Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, which are all situated on the renowned Las Vegas Strip.
Shares of VICI opened at $31.38 on Monday. Its 1-year low was recorded at $29.29, while its 1-year high reached $35.07. The company currently has a 50-day moving average of $31.23 and a 200-day moving average of $31.76.
VICI Properties has a market capitalization of approximately $31.80 billion and operates with a price-to-earnings ratio of 14.39 along with a PEG ratio of 2.34; both metrics indicate its financial position relative to earnings growth potential in proportion to its share price.
With regards to indebtedness, VICI Properties maintains a debt-to-equity ratio of 0.69 and exhibits favorable liquidity ratios, having current assets easily accessible to address short-term obligations.
In recent news pertaining to VICI Properties Inc., investors can anticipate promising outcomes related to the quarterly dividend announced by the company’s management team.Its latest disclosure highlights that shareholders recorded on Thursday, September 21st will be eligible to receive a dividend payment in amount of $0.415 per share – marking an increase from its previously declared quarterly dividend payout of $0.39. The dividend will be issued to eligible investors on Thursday, October 5th, and reflects an annualized dividend of $1.66 per share with a yield of 5.29 percent.
Notably, VICI Properties’s dividend payout ratio (DPR) currently rests at approximately 71.56 percent – indicating the portion of company earnings allocated towards dividends.
In conclusion, VICI Properties Inc. has seen increased interest from institutional investors and hedge funds in recent quarters. With its impressive portfolio of leading gaming, hospitality, and entertainment destinations, the company continues to garner positive attention from equities analysts who have expressed favorable ratings and price objectives for its stock. As VICI Properties moves forward with its steady performance and attractive dividend policy, it remains an enticing option for both investors seeking long-term stability and those aiming to capitalize on innovative real estate opportunities within the experiential sector.
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