PNC Financial Services Group Inc. Has $3.28 Million Stock Position in VICI Properties Inc. $VICI

PNC Financial Services Group Inc. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 21.6% in the first quarter, HoldingsChannel reports. The firm owned 119,991 shares of the company’s stock after buying an additional 21,297 shares during the period. PNC Financial Services Group Inc.’s holdings in VICI Properties were worth $3,278,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after acquiring an additional 25,234 shares during the period. Woodline Partners LP raised its stake in VICI Properties by 41.3% in the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after acquiring an additional 26,017 shares during the period. Jump Financial LLC raised its stake in VICI Properties by 45.0% in the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after acquiring an additional 8,259 shares during the period. Treasurer of the State of North Carolina lifted its holdings in VICI Properties by 96.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after purchasing an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after purchasing an additional 2,775 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $27.08 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The stock’s fifty day moving average price is $27.21 and its two-hundred day moving average price is $28.08. VICI Properties Inc. has a one year low of $25.82 and a one year high of $34.01. The firm has a market cap of $28.95 billion, a price-to-earnings ratio of 9.28 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $0.58 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.6%. VICI Properties’s dividend payout ratio is 61.64%.

Analysts Set New Price Targets

Several equities analysts have commented on VICI shares. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Morgan Stanley reduced their target price on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Finally, Scotiabank lowered their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.77.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.