Carmel Capital Partners LLC Cuts Holdings in VICI Properties Inc. (NYSE:VICI)

Carmel Capital Partners LLC trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,361 shares of the company’s stock after selling 7,982 shares during the quarter. Carmel Capital Partners LLC’s holdings in VICI Properties were worth $799,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VICI. D.A. Davidson & CO. grew its holdings in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after purchasing an additional 340 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after purchasing an additional 372 shares during the last quarter. Continuum Advisory LLC grew its holdings in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after purchasing an additional 391 shares during the last quarter. Finally, Tcfg Wealth Management LLC grew its holdings in VICI Properties by 5.7% in the fourth quarter. Tcfg Wealth Management LLC now owns 7,792 shares of the company’s stock worth $228,000 after purchasing an additional 417 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VICI has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $34.30.

VICI Properties Trading Up 0.7 %

NYSE VICI opened at $32.42 on Thursday. The company has a market capitalization of $34.24 billion, a PE ratio of 12.66, a P/E/G ratio of 3.88 and a beta of 0.94. The company has a fifty day moving average of $30.02 and a 200 day moving average of $31.48. 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 current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current 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.