Aviva PLC decreased its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 71.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,939 shares of the company’s stock after selling 92,808 shares during the quarter. Aviva PLC’s holdings in VICI Properties were worth $1,238,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. Vanguard Group Inc. raised its stake in shares of VICI Properties by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $2,810,583,000 after purchasing an additional 10,248,110 shares during the period. Norges Bank acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $331,955,000. CIBC Private Wealth Group LLC increased its position in shares of VICI Properties by 100.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 12,144,543 shares of the company’s stock valued at $393,581,000 after acquiring an additional 6,097,353 shares during the last quarter. Boston Partners acquired a new stake in shares of VICI Properties in the first quarter valued at about $124,241,000. Finally, Morgan Stanley increased its position in shares of VICI Properties by 43.8% in the fourth quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock valued at $358,768,000 after acquiring an additional 3,372,327 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price on shares of VICI Properties in a research report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft cut VICI Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $34.00 in a report on Wednesday, July 5th. Finally, BNP Paribas assumed coverage on VICI Properties in a report on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.
VICI Properties Trading Up 0.7 %
Shares of NYSE:VICI opened at $31.22 on Friday. VICI Properties Inc. has a 12-month low of $29.29 and a 12-month high of $35.07. The stock has a market cap of $31.63 billion, a PE ratio of 14.32, a P/E/G ratio of 2.28 and a beta of 0.93. The business has a 50 day moving average of $31.24 and a 200-day moving average of $31.88. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.69.
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.
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