Insider Buying: VICI Properties Inc (NYSE:VICI) CEO Purchases $323,608.00 in Stock

VICI Properties Inc (NYSE:VICI) CEO Edward Baltazar Pitoniak bought 15,200 shares of VICI Properties stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $21.29 per share, with a total value of $323,608.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

VICI stock opened at $20.57 on Friday. The company has a market capitalization of $9.79 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.73 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 business has a 50-day simple moving average of $21.66 and a two-hundred day simple moving average of $21.92.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $220.75 million during the quarter, compared to the consensus estimate of $216.90 million. VICI Properties had a return on equity of 8.15% and a net margin of 64.39%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, sell-side analysts forecast that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. World Asset Management Inc boosted its stake in VICI Properties by 3.5% during the 2nd quarter. World Asset Management Inc now owns 15,151 shares of the company’s stock valued at $334,000 after purchasing an additional 508 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of VICI Properties by 0.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,986 shares of the company’s stock worth $2,380,000 after buying an additional 693 shares in the last quarter. Advisor Group Inc. lifted its position in shares of VICI Properties by 26.4% during the 4th quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock worth $64,000 after buying an additional 716 shares in the last quarter. Pearl River Capital LLC lifted its position in shares of VICI Properties by 226.1% during the 1st quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock worth $40,000 after buying an additional 1,248 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its position in shares of VICI Properties by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 215,446 shares of the company’s stock worth $4,714,000 after buying an additional 1,278 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Several brokerages have recently commented on VICI. Jefferies Financial Group began coverage on VICI Properties in a research note on Wednesday, April 24th. They issued a “buy” rating and a $27.00 target price for the company. Morgan Stanley set a $25.00 target price on VICI Properties and gave the company a “hold” rating in a research note on Tuesday, June 11th. Wells Fargo & Co upgraded VICI Properties from a “market perform” rating to an “outperform” rating and raised their target price for the company from $23.00 to $24.50 in a research note on Monday, July 1st. Goldman Sachs Group upgraded VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Finally, Zacks Investment Research upgraded VICI Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. VICI Properties currently has a consensus rating of “Buy” and a consensus price target of $25.32.

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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