Pictet Asset Management Ltd. lifted its holdings in VICI Properties Inc (NYSE:VICI) by 21.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,900 shares of the company’s stock after purchasing an additional 14,800 shares during the period. Pictet Asset Management Ltd.’s holdings in VICI Properties were worth $1,849,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in VICI Properties by 155.1% in the fourth quarter. Geode Capital Management LLC now owns 3,574,487 shares of the company’s stock worth $67,128,000 after acquiring an additional 2,173,357 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in VICI Properties by 20.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 26,384 shares of the company’s stock worth $577,000 after acquiring an additional 4,406 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in VICI Properties by 22.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,751 shares of the company’s stock worth $344,000 after acquiring an additional 2,911 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in VICI Properties in the first quarter worth approximately $570,000. Finally, Wasatch Advisors Inc. purchased a new position in VICI Properties in the first quarter worth approximately $2,551,000.
VICI traded up $0.23 during trading on Thursday, hitting $22.69. The stock had a trading volume of 105,189 shares, compared to its average volume of 2,663,256. The company has a debt-to-equity ratio of 0.51, a quick ratio of 179.91 and a current ratio of 179.91. The firm has a market capitalization of $10.43 billion, a P/E ratio of 15.84, a PEG ratio of 1.80 and a beta of 0.83. The company’s 50-day moving average price is $21.51 and its 200 day moving average price is $21.95. VICI Properties Inc has a twelve month low of $17.64 and a twelve month high of $23.27.
VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $220.75 million for the quarter, compared to analysts’ expectations of $216.90 million. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. VICI Properties’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities analysts expect that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.
The company also recently disclosed a 0.28750 dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be paid a $0.2975 dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 5.3%. VICI Properties’s dividend payout ratio is currently 80.42%.
In related news, insider John W. R. Payne purchased 10,635 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $21.18 per share, with a total value of $225,249.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward Baltazar Pitoniak purchased 15,200 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought 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. Insiders own 0.15% of the company’s stock.
VICI has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of 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 research note on Monday, August 26th. Zacks Investment Research upgraded shares of VICI Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Wells Fargo & Co upgraded shares of VICI Properties from a “market perform” rating to an “outperform” rating and upped their price target for the company from $23.00 to $24.50 in a research report on Monday, July 1st. Finally, Goldman Sachs Group raised shares of VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.41.
VICI Properties Company 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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