Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in VICI Properties Inc (NYSE:VICI) by 437.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,029 shares of the company’s stock after buying an additional 52,919 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in VICI Properties were worth $1,221,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in VICI. Advisors Asset Management Inc. raised its holdings in shares of 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. Enlightenment Research LLC acquired a new position in shares of VICI Properties during the fourth quarter valued at about $32,000. Comerica Bank raised its holdings in shares of VICI Properties by 31.0% during the third quarter. Comerica Bank now owns 14,311 shares of the company’s stock valued at $306,000 after purchasing an additional 3,389 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of VICI Properties by 35.2% during the third quarter. Public Employees Retirement Association of Colorado now owns 13,689 shares of the company’s stock valued at $296,000 after purchasing an additional 3,565 shares during the period. Finally, Enterprise Financial Services Corp acquired a new position in shares of VICI Properties during the fourth quarter valued at about $72,000.
NYSE:VICI opened at $21.31 on Friday. The company has a quick ratio of 162.33, a current ratio of 162.32 and a debt-to-equity ratio of 0.60. The stock has a market cap of $8.57 billion and a PE ratio of 14.90. VICI Properties Inc has a one year low of $17.58 and a one year high of $22.37.
VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 14th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $226.04 million during the quarter, compared to the consensus estimate of $232.11 million. VICI Properties had a net margin of 58.31% and a return on equity of 8.24%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts predict that VICI Properties Inc will post 1.53 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on VICI shares. Zacks Investment Research lowered shares of VICI Properties from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. SunTrust Banks started coverage on shares of VICI Properties in a report on Monday, November 19th. They set a “buy” rating and a $26.00 price objective on the stock. Goldman Sachs Group upgraded shares of VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, January 10th. Finally, LADENBURG THALM/SH SH started coverage on shares of VICI Properties in a report on Wednesday, January 16th. They set a “buy” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.77.
VICI Properties 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 20 gaming facilities comprising over 36 million square feet and features approximately 14,500 hotel rooms and more than 150 restaurants, bars and nightclubs.
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