PEAK6 Investments L.P. bought a new stake in VICI Properties Inc (NYSE:VICI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,441 shares of the company’s stock, valued at approximately $401,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. American International Group Inc. acquired a new stake in VICI Properties during the 1st quarter worth approximately $106,000. Tower Research Capital LLC TRC acquired a new stake in VICI Properties during the 2nd quarter worth approximately $120,000. Public Employees Retirement Association of Colorado acquired a new stake in VICI Properties during the 1st quarter worth approximately $189,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in VICI Properties during the 1st quarter worth approximately $190,000. Finally, Comerica Bank acquired a new stake in VICI Properties during the 1st quarter worth approximately $200,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE VICI traded down $0.22 during trading on Friday, hitting $20.97. The stock had a trading volume of 3,745,734 shares, compared to its average volume of 2,850,835. VICI Properties Inc has a 12 month low of $17.58 and a 12 month high of $22.99. The company has a current ratio of 152.87, a quick ratio of 152.87 and a debt-to-equity ratio of 0.67.
VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $221.00 million during the quarter, compared to the consensus estimate of $214.19 million. Equities research analysts forecast that VICI Properties Inc will post 1.5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 28th will be issued a $0.2875 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Thursday, September 27th.
VICI has been the topic of several recent research reports. Zacks Investment Research upgraded shares of VICI Properties from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Friday, June 22nd. Wells Fargo & Co assumed coverage on shares of VICI Properties in a research report on Wednesday, July 11th. They issued a “market perform” rating and a $22.00 price target on the stock. Morgan Stanley boosted their price target 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. Citigroup assumed coverage on shares of VICI Properties in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, Credit Suisse Group initiated coverage on shares of VICI Properties in a research note on Tuesday, August 14th. They issued an “outperform” rating and a $24.00 price objective for the company. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $22.83.
VICI Properties Company 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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