303,000 Shares in VICI Properties Inc (NYSE:VICI) Acquired by Maven Securities LTD
Maven Securities LTD acquired a new stake in shares of VICI Properties Inc (NYSE:VICI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 303,000 shares of the company’s stock, valued at approximately $6,634,000. VICI Properties accounts for approximately 4.4% of Maven Securities LTD’s investment portfolio, making the stock its 4th biggest position. Maven Securities LTD owned 0.07% of VICI Properties as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of VICI Properties by 354.0% during the first quarter. Principal Financial Group Inc. now owns 7,272,239 shares of the company’s stock worth $159,116,000 after purchasing an additional 5,670,397 shares during the period. FMR LLC increased 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 worth $220,764,000 after purchasing an additional 3,971,145 shares in the last quarter. JPMorgan Chase & Co. increased its stake in VICI Properties by 28.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 17,250,803 shares of the company’s stock worth $374,515,000 after purchasing an additional 3,802,923 shares in the last quarter. Wells Fargo & Company MN raised its holdings in VICI Properties by 75.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,066,536 shares of the company’s stock worth $133,705,000 after buying an additional 2,613,812 shares during the period. Finally, APG Asset Management US Inc. lifted its stake in VICI Properties by 55.6% in the second quarter. APG Asset Management US Inc. now owns 7,233,000 shares of the company’s stock valued at $159,415,000 after buying an additional 2,584,000 shares in the last quarter.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of VICI Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Morgan Stanley upgraded shares of VICI Properties from an “equal” rating to a “weight” rating and increased their price objective for the stock from $25.00 to $26.00 in a research note on Monday, August 26th. Goldman Sachs Group upgraded VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Finally, Wells Fargo & Co raised VICI Properties from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $24.50 in a report on Monday, July 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $25.41.
VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 net margin of 64.39% and a return on equity of 8.15%. VICI Properties’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, sell-side analysts forecast that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.
In related news, insider John W. R. Payne acquired 10,635 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $21.18 per share, with a total value of $225,249.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward Baltazar Pitoniak acquired 15,200 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $21.29 per share, for a total transaction of $323,608.00. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.
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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