BlackRock Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,921,219 shares of the company’s stock after purchasing an additional 2,588,671 shares during the quarter. BlackRock Inc. owned 9.95% of VICI Properties worth $3,259,430,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Ronald Blue Trust Inc. grew its stake in VICI Properties by 143.2% in the 1st quarter. Ronald Blue Trust Inc. now owns 800 shares of the company’s stock valued at $26,000 after acquiring an additional 471 shares during the period. Retirement Group LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $29,000. Register Financial Advisors LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $33,000. PSI Advisors LLC acquired a new position in shares of VICI Properties during the 1st quarter worth about $33,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in VICI Properties by 44.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,036 shares of the company’s stock valued at $34,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on VICI shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price target on shares of VICI Properties in a research note on Tuesday, August 1st. BNP Paribas began coverage on shares of VICI Properties in a research report on Wednesday, June 14th. They issued an “outperform” rating and a $41.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lowered shares of VICI Properties from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $34.00 in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $36.20.
VICI Properties Stock Performance
NYSE:VICI opened at $31.22 on Friday. The company’s 50-day moving average is $31.24 and its two-hundred day moving average is $31.88. VICI Properties Inc. has a 1-year low of $29.29 and a 1-year high of $35.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.23 and a quick ratio of 4.23. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.30 and a beta of 0.93.
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.
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