Stone Ridge Asset Management LLC lessened its position in shares of VICI Properties Inc (NYSE:VICI) by 24.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,900 shares of the company’s stock after selling 35,100 shares during the period. Stone Ridge Asset Management LLC’s holdings in VICI Properties were worth $2,444,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of VICI Properties by 31.3% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,532,500 shares of the company’s stock worth $55,411,000 after buying an additional 603,425 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of VICI Properties during the 2nd quarter worth approximately $1,704,000. Timbercreek Investment Management Inc. lifted its position in shares of VICI Properties by 32.3% during the 2nd quarter. Timbercreek Investment Management Inc. now owns 1,128,703 shares of the company’s stock worth $25,385,000 after buying an additional 275,800 shares during the last quarter. Bank of Montreal Can lifted its position in shares of VICI Properties by 2.8% during the 1st quarter. Bank of Montreal Can now owns 97,663 shares of the company’s stock worth $2,137,000 after buying an additional 2,670 shares during the last quarter. Finally, Presima Inc. purchased a new stake in shares of VICI Properties during the 2nd quarter worth approximately $13,480,000. Institutional investors own 99.84% of the company’s stock.
VICI Properties stock traded down $0.27 during trading hours on Friday, reaching $21.00. 2,004,601 shares of the stock were exchanged, compared to its average volume of 4,048,876. The stock has a market cap of $9.81 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.76 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 179.91 and a current ratio of 179.91. VICI Properties Inc has a 52-week low of $17.64 and a 52-week high of $23.27. The firm’s 50 day moving average is $21.46 and its 200 day moving average is $21.89.
In related news, CEO Edward Baltazar Pitoniak purchased 15,200 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $21.29 per share, with a total value of $323,608.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John W. R. Payne purchased 10,635 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $225,249.30. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by corporate insiders.
Several research firms recently commented on VICI. Morgan Stanley set a $25.00 price target on shares of VICI Properties and gave the company a “hold” rating in a research report on Tuesday, June 11th. Goldman Sachs Group upgraded shares of VICI Properties to a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research upgraded shares of VICI Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Co upgraded shares of VICI Properties from a “market perform” rating to an “outperform” rating and upped their price target for the company from $23.00 to $24.50 in a research report on Monday, July 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.32.
About VICI Properties
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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