Parallel Advisors LLC increased its position in VICI Properties Inc (NYSE:VICI) by 178.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,329 shares of the company’s stock after acquiring an additional 9,180 shares during the period. Parallel Advisors LLC’s holdings in VICI Properties were worth $316,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in VICI Properties by 4.2% in the 1st quarter. BlackRock Inc. now owns 30,241,659 shares of the company’s stock worth $661,688,000 after acquiring an additional 1,219,253 shares during the last quarter. JPMorgan Chase & Co. raised its stake in VICI Properties by 30.4% during the 1st quarter. JPMorgan Chase & Co. now owns 13,447,880 shares of the company’s stock valued at $294,240,000 after buying an additional 3,132,321 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in VICI Properties by 26.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 11,924,175 shares of the company’s stock valued at $262,809,000 after buying an additional 2,507,858 shares during the last quarter. FMR LLC raised its stake in VICI Properties by 64.9% during the 1st quarter. FMR LLC now owns 10,089,780 shares of the company’s stock valued at $220,764,000 after buying an additional 3,971,145 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in VICI Properties by 354.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,272,239 shares of the company’s stock valued at $159,116,000 after buying an additional 5,670,397 shares during the last quarter. Institutional investors own 99.84% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Goldman Sachs Group upgraded shares of VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley set a $25.00 target price on shares of VICI Properties and gave the company a “hold” rating in a research note on Tuesday, June 11th. Finally, Wells Fargo & Co upgraded shares of VICI Properties from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $23.00 to $24.50 in a research note on Monday, July 1st. Two investment 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 an average price target of $25.32.
VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $220.75 million during the quarter, compared to analyst estimates of $216.90 million. VICI Properties had a return on equity of 8.15% and a net margin of 64.39%. VICI Properties’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. Research analysts expect that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.
In other news, insider John W. R. Payne bought 10,635 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $21.18 per share, with a total value of $225,249.30. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward Baltazar Pitoniak bought 15,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $21.29 per share, with a total value of $323,608.00. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.
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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