US Bancorp DE lessened its position in VICI Properties Inc (NYSE:VICI) by 12.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,350 shares of the company’s stock after selling 3,239 shares during the quarter. US Bancorp DE’s holdings in VICI Properties were worth $489,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in VICI Properties by 43.9% in the 4th quarter. BlackRock Inc. now owns 29,022,406 shares of the company’s stock worth $545,041,000 after buying an additional 8,847,013 shares in the last quarter. PGGM Investments lifted its position in VICI Properties by 61.7% in the 1st quarter. PGGM Investments now owns 18,151,127 shares of the company’s stock worth $397,147,000 after buying an additional 6,924,127 shares in the last quarter. Norges Bank purchased a new stake in VICI Properties in the 4th quarter worth approximately $104,581,000. Cohen & Steers Inc. lifted its position in VICI Properties by 21.0% in the 4th quarter. Cohen & Steers Inc. now owns 30,091,026 shares of the company’s stock worth $565,109,000 after buying an additional 5,226,691 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of VICI Properties during the 4th quarter valued at $76,963,000.
Shares of NYSE VICI opened at $22.43 on Thursday. VICI Properties Inc has a 1-year low of $17.64 and a 1-year high of $23.01. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.56 and a beta of 1.00. The company has a quick ratio of 87.48, a current ratio of 87.48 and a debt-to-equity ratio of 0.59.
VICI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of VICI Properties from a “hold” rating to a “strong sell” rating in a report on Friday, February 22nd. Credit Suisse Group initiated coverage on shares of VICI Properties in a report on Wednesday, March 20th. They set an “outperform” rating and a $24.00 price target on the stock. SunTrust Banks raised their price target 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. Evercore ISI initiated coverage on shares of VICI Properties in a report on Tuesday, April 9th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of VICI Properties in a report on Wednesday, April 24th. They set a “buy” rating and a $27.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.62.
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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