First Trust Advisors LP grew its position in VICI Properties Inc (NYSE:VICI) by 216.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 217,789 shares of the company’s stock after purchasing an additional 149,067 shares during the quarter. First Trust Advisors LP’s holdings in VICI Properties were worth $4,765,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of VICI. Advisors Asset Management Inc. lifted its stake in VICI Properties by 75.4% in the 4th quarter. Advisors Asset Management Inc. now owns 1,447 shares of the company’s stock valued at $27,000 after buying an additional 622 shares in the last quarter. Ffcm LLC purchased a new stake in VICI Properties in the 4th quarter valued at approximately $28,000. Enlightenment Research LLC acquired a new position in VICI Properties in the 4th quarter valued at $32,000. Pearl River Capital LLC raised its holdings in VICI Properties by 226.1% in the 1st quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock valued at $40,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in VICI Properties by 26.4% in 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 during the last quarter.
Several brokerages recently issued reports on VICI. Jefferies Financial Group began coverage on VICI Properties in a report on Wednesday, April 24th. They issued a “buy” rating and a $27.00 price target for the company. Credit Suisse Group started coverage on shares of VICI Properties in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $24.00 price objective for the company. Zacks Investment Research cut shares of VICI Properties from a “hold” rating to a “strong sell” rating in a research report on Friday, February 22nd. SunTrust Banks increased their price objective on shares of VICI Properties from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Goldman Sachs Group upgraded shares of VICI Properties to a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.62.
Shares of NYSE:VICI opened at $22.39 on Wednesday. The company has a market cap of $9.03 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.00. VICI Properties Inc has a 1-year low of $17.64 and a 1-year high of $23.01. 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 Properties (NYSE:VICI) last issued its earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. The firm had revenue of $214.00 million during the quarter, compared to analysts’ expectations of $223.11 million. VICI Properties had a net margin of 62.92% and a return on equity of 8.54%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that VICI Properties Inc will post 1.51 EPS for the current year.
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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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