Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of VICI Properties Inc (NYSE:VICI) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,986 shares of the company’s stock after acquiring an additional 693 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VICI Properties were worth $2,380,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of VICI. Pearl River Capital LLC grew its holdings in VICI Properties by 226.1% during the first quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock worth $40,000 after acquiring an additional 1,248 shares during the period. FNY Investment Advisers LLC acquired a new stake in VICI Properties during the second quarter worth about $88,000. World Asset Management Inc grew its holdings in VICI Properties by 3.5% during the second quarter. World Asset Management Inc now owns 15,151 shares of the company’s stock worth $334,000 after acquiring an additional 508 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in VICI Properties by 22.7% during 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 period. Finally, TradeLink Capital LLC acquired a new stake in VICI Properties during the first quarter worth about $357,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on VICI. Zacks Investment Research raised VICI Properties from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley set a $25.00 target price on VICI Properties and gave the stock a “hold” rating in a report on Tuesday, June 11th. Jefferies Financial Group began coverage on VICI Properties in a report on Wednesday, April 24th. They set a “buy” rating and a $27.00 target price on the stock. Wells Fargo & Co raised VICI Properties from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $23.00 to $24.50 in a report on Monday, July 1st. Finally, Goldman Sachs Group raised VICI Properties to a “buy” rating in a report on Tuesday, June 11th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $25.32.
Shares of VICI opened at $20.57 on Friday. The company has a current ratio of 179.91, a quick ratio of 179.91 and a debt-to-equity ratio of 0.51. VICI Properties Inc has a 12 month low of $17.64 and a 12 month high of $23.27. The stock’s 50 day moving average is $21.66 and its two-hundred day moving average is $21.92. The firm has a market cap of $9.80 billion, a P/E ratio of 14.38, a PEG ratio of 1.74 and a beta of 0.86.
VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. VICI Properties had a return on equity of 8.15% and a net margin of 64.39%. The company had revenue of $220.75 million for the quarter, compared to analyst estimates of $216.90 million. During the same period last year, the company earned $0.35 earnings per share. VICI Properties’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that VICI Properties Inc will post 1.44 EPS for the current year.
About VICI Properties
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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