VICI Properties Inc (NYSE:VICI) CEO Edward Baltazar Pitoniak acquired 15,200 shares of the stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $21.29 per share, with a total value of $323,608.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
VICI stock opened at $20.57 on Friday. VICI Properties Inc has a 1 year low of $17.64 and a 1 year high of $23.27. The company has a market cap of $9.79 billion, a P/E ratio of 14.38, a PEG ratio of 1.73 and a beta of 0.86. The firm has a 50-day moving average of $21.66 and a 200 day moving average of $21.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 179.91 and a quick ratio of 179.91.
VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The company had revenue of $220.75 million during the quarter, compared to the consensus estimate of $216.90 million. During the same period in the prior year, the firm earned $0.35 earnings per share. VICI Properties’s revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.
VICI has been the subject of several recent analyst reports. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group began coverage on shares of VICI Properties in a research note on Wednesday, April 24th. They issued a “buy” rating and a $27.00 price target for the company. Wells Fargo & Co raised shares of VICI Properties from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $24.50 in a research note on Monday, July 1st. Morgan Stanley set a $25.00 price target on shares of VICI Properties and gave the stock a “hold” rating in a research note on Tuesday, June 11th. Finally, Goldman Sachs Group raised shares of VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. VICI Properties presently has a consensus rating of “Buy” and an average target price of $25.32.
A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Cohen & Steers Inc. grew its holdings in VICI Properties by 47.1% in the second quarter. Cohen & Steers Inc. now owns 49,081,803 shares of the company’s stock worth $1,081,763,000 after purchasing an additional 15,708,664 shares during the period. Senator Investment Group LP purchased a new stake in VICI Properties in the second quarter worth about $220,400,000. Point72 Asset Management L.P. purchased a new stake in VICI Properties in the second quarter worth about $189,036,000. Principal Financial Group Inc. grew its holdings in VICI Properties by 354.0% in the first quarter. Principal Financial Group Inc. now owns 7,272,239 shares of the company’s stock worth $159,116,000 after purchasing an additional 5,670,397 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in VICI Properties by 171.2% in the second quarter. Nuveen Asset Management LLC now owns 8,801,436 shares of the company’s stock worth $193,984,000 after purchasing an additional 5,555,668 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.
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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