Great West Life Assurance Co. Can raised its stake in shares of VICI Properties Inc (NYSE:VICI) by 11.3% in the first quarter, HoldingsChannel.com reports. The fund owned 54,690 shares of the company’s stock after acquiring an additional 5,562 shares during the period. Great West Life Assurance Co. Can’s holdings in VICI Properties were worth $1,192,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of VICI. Wasatch Advisors Inc. acquired a new position in shares of VICI Properties during the 1st quarter worth about $2,551,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of VICI Properties during the 1st quarter worth about $570,000. Forsta AP Fonden grew its position in shares of VICI Properties by 58.2% during the 1st quarter. Forsta AP Fonden now owns 57,600 shares of the company’s stock worth $1,260,000 after buying an additional 21,200 shares during the period. JPMorgan Chase & Co. grew its position in shares of VICI Properties by 30.4% during the 1st quarter. JPMorgan Chase & Co. now owns 13,447,880 shares of the company’s stock worth $294,240,000 after buying an additional 3,132,321 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in shares of VICI Properties by 22.7% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,751 shares of the company’s stock worth $344,000 after buying an additional 2,911 shares during the period.
Several equities analysts have recently issued reports on the company. Goldman Sachs Group upgraded VICI Properties to a “buy” rating in a research report on Tuesday. Morgan Stanley set a $25.00 price objective on VICI Properties and gave the company a “hold” rating in a report on Tuesday. Jefferies Financial Group began coverage on VICI Properties in a report on Wednesday, April 24th. They set a “buy” rating and a $27.00 price objective on the stock. Evercore ISI began coverage on VICI Properties in a report on Tuesday, April 9th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, SunTrust Banks lifted their price objective on VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.62.
VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $214.00 million for the quarter, compared to analysts’ expectations of $223.11 million. VICI Properties had a return on equity of 8.54% and a net margin of 62.92%. VICI Properties’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, equities analysts expect that VICI Properties Inc will post 1.51 EPS for the current fiscal year.
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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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