Cambridge Investment Research Advisors Inc. purchased a new position in shares of VICI Properties Inc (NYSE:VICI) in the first quarter, Holdings Channel reports. The fund purchased 26,063 shares of the company’s stock, valued at approximately $570,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in 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 acquired a new position in VICI Properties during the fourth quarter valued at approximately $28,000. Enlightenment Research LLC acquired a new position in VICI Properties during the fourth quarter valued at approximately $32,000. 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 valued at $40,000 after purchasing an additional 1,248 shares during the period. Finally, Advisor Group Inc. grew its holdings in 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.
VICI has been the subject of a number of analyst reports. Goldman Sachs Group upgraded shares of VICI Properties to a “buy” rating in a report on Tuesday. 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 objective for the company. SunTrust Banks boosted their price objective 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. Zacks Investment Research upgraded shares of VICI Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Morgan Stanley set a $25.00 price objective on shares of VICI Properties and gave the company a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $24.62.
VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The company 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, equities research analysts predict that VICI Properties Inc will post 1.51 EPS for the current fiscal 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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