Serengeti Asset Management LP reduced its position in VICI Properties Inc (NYSE:VICI) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company’s stock after selling 250,000 shares during the quarter. VICI Properties accounts for approximately 1.7% of Serengeti Asset Management LP’s holdings, making the stock its 7th biggest holding. Serengeti Asset Management LP owned approximately 0.14% of VICI Properties worth $10,810,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of VICI. Daiwa Securities Group Inc. purchased a new stake in VICI Properties in the 2nd quarter worth about $115,072,000. BlackRock Inc. increased its position in shares of VICI Properties by 37.9% during the second quarter. BlackRock Inc. now owns 13,449,058 shares of the company’s stock worth $277,589,000 after acquiring an additional 3,699,212 shares during the period. PGGM Investments purchased a new position in shares of VICI Properties during the second quarter worth approximately $54,696,000. Cbre Clarion Securities LLC increased its position in shares of VICI Properties by 29.6% during the second quarter. Cbre Clarion Securities LLC now owns 9,722,591 shares of the company’s stock worth $200,674,000 after acquiring an additional 2,222,587 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of VICI Properties by 83.7% during the third quarter. Russell Investments Group Ltd. now owns 2,621,433 shares of the company’s stock worth $56,154,000 after acquiring an additional 1,194,473 shares during the period.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of VICI Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Co assumed coverage on shares of VICI Properties in a research report on Wednesday, July 11th. They set a “market perform” rating and a $22.00 target price on the stock. Robert W. Baird assumed coverage on shares of VICI Properties in a research report on Wednesday, October 24th. They set an “outperform” rating and a $26.00 target price on the stock. Credit Suisse Group assumed coverage on shares of VICI Properties in a research report on Tuesday, August 14th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of VICI Properties from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. VICI Properties currently has an average rating of “Hold” and a consensus price target of $23.23.
VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $233.00 million for the quarter, compared to analysts’ expectations of $225.38 million. On average, research analysts forecast that VICI Properties Inc will post 1.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 28th were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.20%. This is a boost from VICI Properties’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 27th.
VICI Properties Profile
VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.
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