Bank of America Corp DE Raises Position in VICI Properties Inc. (NYSE:VICI)

Bank of America Corp DE raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 14.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,912,812 shares of the company’s stock after purchasing an additional 4,477,196 shares during the period. Bank of America Corp DE owned 3.58% of VICI Properties worth $1,171,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB raised its position in shares of VICI Properties by 9.9% in the first quarter. Handelsbanken Fonder AB now owns 140,179 shares of the company’s stock valued at $4,573,000 after purchasing an additional 12,614 shares during the period. State of Michigan Retirement System raised its holdings in VICI Properties by 5.1% during the 1st quarter. State of Michigan Retirement System now owns 288,112 shares of the company’s stock valued at $9,398,000 after acquiring an additional 13,900 shares during the period. Marcum Wealth LLC lifted its position in shares of VICI Properties by 4.7% during the first quarter. Marcum Wealth LLC now owns 12,769 shares of the company’s stock worth $417,000 after acquiring an additional 578 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in shares of VICI Properties in the fourth quarter worth $561,000. Finally, New York Life Investment Management LLC grew its position in shares of VICI Properties by 4.4% in the first quarter. New York Life Investment Management LLC now owns 142,450 shares of the company’s stock valued at $4,647,000 after purchasing an additional 5,970 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $31.01 on Thursday. The business’s 50-day moving average price is $31.24 and its 200-day moving average price is $31.88. The firm has a market capitalization of $31.43 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 2.28 and a beta of 0.93. VICI Properties Inc. has a 12 month low of $29.29 and a 12 month high of $35.07. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.69.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BNP Paribas began coverage on shares of VICI Properties in a research report on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price target for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price target on shares of VICI Properties in a report on Tuesday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered VICI Properties from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $34.00 in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.