Segantii Capital Management Ltd Makes New $5.51 Million Investment in VICI Properties Inc (NYSE:VICI)

Segantii Capital Management Ltd bought a new stake in VICI Properties Inc (NYSE:VICI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 250,000 shares of the company’s stock, valued at approximately $5,510,000. VICI Properties makes up approximately 0.5% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 22nd biggest position. Segantii Capital Management Ltd owned approximately 0.05% of VICI Properties at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VICI. Pearl River Capital LLC increased its position in VICI Properties by 226.1% in the first quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock worth $40,000 after buying an additional 1,248 shares during the last quarter. Advisor Group Inc. grew its stake in VICI Properties by 26.4% during the 4th quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock valued at $64,000 after acquiring an additional 716 shares in the last quarter. American International Group Inc. grew its stake in VICI Properties by 47.9% during the 4th quarter. American International Group Inc. now owns 7,316 shares of the company’s stock valued at $137,000 after acquiring an additional 2,368 shares in the last quarter. World Asset Management Inc grew its stake in VICI Properties by 3.5% during the 2nd quarter. World Asset Management Inc now owns 15,151 shares of the company’s stock valued at $334,000 after acquiring an additional 508 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in VICI Properties by 22.7% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,751 shares of the company’s stock valued at $344,000 after acquiring an additional 2,911 shares in the last quarter. Institutional investors own 93.26% of the company’s stock.

NYSE:VICI traded up $0.26 on Friday, hitting $21.23. The stock had a trading volume of 3,537,718 shares, compared to its average volume of 5,725,853. The company has a debt-to-equity ratio of 0.59, a quick ratio of 87.48 and a current ratio of 87.48. The firm has a market capitalization of $9.84 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.67 and a beta of 0.86. The stock has a fifty day moving average price of $22.07. VICI Properties Inc has a 1-year low of $17.64 and a 1-year high of $23.27.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.56%. The company had revenue of $220.75 million for the quarter, compared to analyst estimates of $216.90 million. During the same period in the previous year, the business posted $0.35 EPS. VICI Properties’s revenue was down .1% on a year-over-year basis. Analysts forecast that VICI Properties Inc will post 1.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.287 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.15 annualized dividend and a dividend yield of 5.41%. VICI Properties’s dividend payout ratio is currently 80.42%.

Several brokerages recently issued reports on VICI. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Evercore ISI began coverage on shares of VICI Properties in a report on Tuesday, April 9th. They issued an “outperform” rating and a $26.00 target price on the stock. Wells Fargo & Co upgraded shares of VICI Properties from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $23.00 to $24.50 in a report on Monday, July 1st. Morgan Stanley set a $25.00 target price on shares of VICI Properties and gave the company a “hold” rating in a report on Tuesday, June 11th. Finally, SunTrust Banks boosted their target price on shares of VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 8th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. VICI Properties presently has a consensus rating of “Buy” and a consensus target price of $24.96.

VICI Properties Profile

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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