California Public Employees Retirement System lifted its position in VICI Properties Inc (NYSE:VICI) by 49.7% during the 3rd quarter, Holdings Channel reports. The firm owned 735,661 shares of the company’s stock after acquiring an additional 244,277 shares during the period. California Public Employees Retirement System’s holdings in VICI Properties were worth $16,663,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of VICI. Cohen & Steers Inc. grew its holdings in shares of VICI Properties by 47.1% in the second quarter. Cohen & Steers Inc. now owns 49,081,803 shares of the company’s stock worth $1,081,763,000 after purchasing an additional 15,708,664 shares during the last quarter. Senator Investment Group LP bought a new position in shares of VICI Properties in the second quarter worth approximately $220,400,000. Point72 Asset Management L.P. bought a new position in shares of VICI Properties in the second quarter worth approximately $189,036,000. PGGM Investments grew its holdings in shares of VICI Properties by 64.8% in the third quarter. PGGM Investments now owns 18,765,160 shares of the company’s stock worth $425,031,000 after purchasing an additional 7,375,663 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of VICI Properties by 171.2% in the second quarter. Nuveen Asset Management LLC now owns 8,801,436 shares of the company’s stock worth $193,984,000 after purchasing an additional 5,555,668 shares during the last quarter.

Shares of VICI stock opened at $24.28 on Friday. The stock has a fifty day moving average of $23.28 and a 200 day moving average of $22.35. VICI Properties Inc has a 52 week low of $17.64 and a 52 week high of $24.73. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.82 and a beta of 0.84. The company has a quick ratio of 83.01, a current ratio of 83.01 and a debt-to-equity ratio of 0.51.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). VICI Properties had a return on equity of 7.84% and a net margin of 66.78%. The business had revenue of $222.51 million during the quarter, compared to analysts’ expectations of $224.50 million. During the same period in the previous year, the business earned $0.36 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that VICI Properties Inc will post 1.48 earnings per share for the current year.

A number of analysts recently commented on the company. Deutsche Bank set a $28.00 price target on VICI Properties and gave the stock a “buy” rating in a research note on Monday, November 4th. Citigroup raised their price target on VICI Properties from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Zacks Investment Research raised VICI Properties from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday. Finally, Morgan Stanley raised VICI Properties from an “equal” rating to a “weight” rating and raised their price target for the stock from $25.00 to $26.00 in a research note on Monday, August 26th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $25.68.

In other VICI Properties news, CEO Edward Baltazar Pitoniak purchased 15,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $21.29 per share, with a total value of $323,608.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

VICI Properties Profile

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.

See Also: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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