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

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

Several other large investors have also recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of VICI Properties in the 2nd quarter valued at $26,000. Parvin Asset Management LLC bought a new position in VICI Properties in the second quarter valued at about $27,000. Hantz Financial Services Inc. increased its position in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the period. Headlands Technologies LLC acquired a new stake in VICI Properties in the second quarter worth about $28,000. Finally, Hoey Investments Inc. bought a new stake in VICI Properties during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $27.57 on Thursday. The company has a market capitalization of $29.47 billion, a PE ratio of 10.52, a PEG ratio of 2.77 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.55 and a 12 month high of $34.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $28.79 and its 200 day simple moving average is $31.26.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $0.57 earnings per share. VICI Properties’s revenue 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. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VICI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Mizuho cut their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Stifel Nicolaus reduced their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a 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 for the company in a research report on Wednesday, December 3rd. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.31.

About VICI Properties

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.