Black Swift Group LLC Trims Position in VICI Properties Inc. (NYSE:VICI)

Black Swift Group LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,370 shares of the company’s stock after selling 8,355 shares during the period. Black Swift Group LLC’s holdings in VICI Properties were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VICI. Promus Capital LLC acquired a new stake in shares of VICI Properties during the 4th quarter worth about $63,000. Arizona State Retirement System increased its position in shares of VICI Properties by 1.8% during the 4th quarter. Arizona State Retirement System now owns 304,153 shares of the company’s stock worth $8,884,000 after purchasing an additional 5,283 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of VICI Properties during the 4th quarter worth about $1,389,000. Atria Investments Inc increased its position in shares of VICI Properties by 86.6% during the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock worth $1,441,000 after purchasing an additional 22,897 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of VICI Properties by 1.4% during the 4th quarter. Assetmark Inc. now owns 2,016,695 shares of the company’s stock worth $58,908,000 after purchasing an additional 27,436 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on VICI shares. Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.30.

VICI Properties Stock Performance

Shares of VICI opened at $32.42 on Thursday. The stock has a 50-day simple moving average of $30.02 and a 200-day simple moving average of $31.48. The stock has a market capitalization of $34.24 billion, a PE ratio of 12.66, a PEG ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties 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.