M.D. Sass Investors Services Inc. cut its holdings in shares of VICI Properties Inc (NYSE:VICI) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,900 shares of the company’s stock after selling 5,500 shares during the period. M.D. Sass Investors Services Inc.’s holdings in VICI Properties were worth $1,386,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. World Asset Management Inc increased 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 worth $334,000 after buying an additional 508 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of VICI Properties by 0.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,986 shares of the company’s stock valued at $2,380,000 after buying an additional 693 shares during the period. Advisor Group Inc. grew its position in shares of VICI Properties by 19.0% during the second quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock worth $119,000 after buying an additional 861 shares in the last quarter. AGF Investments LLC grew its position in shares of VICI Properties by 6.1% during the second quarter. AGF Investments LLC now owns 30,851 shares of the company’s stock worth $680,000 after buying an additional 1,775 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of VICI Properties by 142.7% during the second quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock worth $82,000 after buying an additional 2,182 shares during the period.
A number of brokerages recently issued reports on VICI. Wells Fargo & Co upgraded shares of VICI Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $23.00 to $24.50 in a research note on Monday, July 1st. Morgan Stanley raised VICI Properties from an “equal” rating to a “weight” rating and lifted their price target for the stock from $25.00 to $26.00 in a report on Monday, August 26th. Goldman Sachs Group raised VICI Properties to a “buy” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research raised VICI Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.41.
Shares of VICI traded up $0.16 during midday trading on Wednesday, reaching $21.95. 101,938 shares of the stock were exchanged, compared to its average volume of 3,078,825. VICI Properties Inc has a twelve month low of $17.64 and a twelve month high of $23.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 179.91 and a quick ratio of 179.91. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.79 and a beta of 0.83. The business’s 50-day moving average price is $21.42 and its 200 day moving average price is $21.93.
VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $220.75 million during the quarter, compared to analysts’ expectations of $216.90 million. VICI Properties had a return on equity of 8.15% and a net margin of 64.39%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, equities research analysts expect that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.
In other VICI Properties news, insider John W. R. Payne purchased 10,635 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $225,249.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward Baltazar Pitoniak acquired 15,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $21.29 per share, for a total transaction of $323,608.00. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.
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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