Rhumbline Advisers Buys 123,458 Shares of VICI Properties Inc. (NYSE:VICI)

Rhumbline Advisers raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,058,711 shares of the company's stock after acquiring an additional 123,458 shares during the quarter. Rhumbline Advisers owned 0.19% of VICI Properties worth $67,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in VICI. Transce3nd LLC acquired a new stake in VICI Properties during the 4th quarter worth about $28,000. CoreCap Advisors LLC boosted its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of VICI Properties during the 4th quarter worth about $33,000. Finally, Quarry LP boosted its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE VICI traded up $0.06 during midday trading on Thursday, hitting $31.44. 6,944,736 shares of the company's stock were exchanged, compared to its average volume of 5,942,933. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The company's 50 day moving average price is $31.63 and its 200 day moving average price is $31.07. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.22 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VICI has been the subject of several research analyst reports. Mizuho upped their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Robert W. Baird increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Finally, Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.