First Trust Advisors LP increased its holdings in shares of VICI Properties Inc (NYSE:VICI) by 216.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,789 shares of the company’s stock after buying an additional 149,067 shares during the period. First Trust Advisors LP owned about 0.05% of VICI Properties worth $4,765,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of VICI. Advisors Asset Management Inc. boosted its stake in shares of VICI Properties by 75.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,447 shares of the company’s stock valued at $27,000 after purchasing an additional 622 shares during the period. Ffcm LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $28,000. Enlightenment Research LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $32,000. Pearl River Capital LLC boosted its stake in shares of VICI Properties by 226.1% during the first quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock valued at $40,000 after purchasing an additional 1,248 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of VICI Properties by 26.4% during the fourth quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock valued at $64,000 after purchasing an additional 716 shares during the period.
Shares of VICI Properties stock opened at $22.39 on Wednesday. The company has a quick ratio of 87.48, a current ratio of 87.48 and a debt-to-equity ratio of 0.59. 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 52 week low of $17.64 and a 52 week high of $23.01.
VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $214.00 million during the quarter, compared to the consensus estimate of $223.11 million. VICI Properties had a return on equity of 8.54% and a net margin of 62.92%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, equities analysts predict that VICI Properties Inc will post 1.51 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on VICI. Morgan Stanley set a $25.00 price objective on VICI Properties and gave the company a “hold” rating in a research note on Tuesday. Goldman Sachs Group raised VICI Properties to a “buy” rating in a research note on Tuesday. Jefferies Financial Group began coverage on VICI Properties in a research note on Wednesday, April 24th. They set a “buy” rating and a $27.00 price objective for the company. Evercore ISI began coverage on VICI Properties in a research note on Tuesday, April 9th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, SunTrust Banks increased their price objective on VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. VICI Properties currently has an average rating of “Buy” and an average target price of $24.62.
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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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