M.D. Sass Investors Services Inc. Cuts Position in VICI Properties Inc (NYSE:VICI)

M.D. Sass Investors Services Inc. lessened its position in VICI Properties Inc (NYSE:VICI) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,900 shares of the company’s stock after selling 5,500 shares during the quarter. M.D. Sass Investors Services Inc.’s holdings in VICI Properties were worth $1,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. Signaturefd LLC grew its holdings in shares of VICI Properties by 142.7% during the 2nd quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock valued at $82,000 after purchasing an additional 2,182 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of VICI Properties during the second quarter valued at about $86,000. FNY Investment Advisers LLC bought a new position in shares of VICI Properties during the second quarter valued at about $88,000. Advisor Group Inc. grew its stake in shares of VICI Properties by 19.0% during the second quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock valued at $119,000 after buying an additional 861 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in shares of VICI Properties in the second quarter worth about $230,000.

In related news, CEO Edward Baltazar Pitoniak acquired 15,200 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $21.29 per share, for a total transaction of $323,608.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider John W. R. Payne acquired 10,635 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $21.18 per share, with a total value of $225,249.30. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

Shares of NYSE:VICI traded up $0.16 during midday trading on Wednesday, hitting $21.95. 101,938 shares of the stock traded hands, compared to its average volume of 3,078,825. The company has a quick ratio of 179.91, a current ratio of 179.91 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $21.42 and its two-hundred day moving average is $21.93. The stock has a market capitalization of $10.05 billion, a PE ratio of 15.35, a P/E/G ratio of 1.79 and a beta of 0.83. VICI Properties Inc has a one year low of $17.64 and a one year high of $23.27.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $220.75 million for the quarter, compared to the consensus estimate of $216.90 million. VICI Properties had a return on equity of 8.15% and a net margin of 64.39%. VICI Properties’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, sell-side analysts forecast that VICI Properties Inc will post 1.44 earnings per share for the current year.

A number of research firms have recently weighed in on VICI. Goldman Sachs Group raised VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley upgraded 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 report on Monday, August 26th. Wells Fargo & Co raised VICI Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $23.00 to $24.50 in a research note on Monday, July 1st. Finally, Zacks Investment Research upgraded VICI Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.41.

VICI Properties Company 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.

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

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