Charles Schwab Investment Management Inc. Purchases 385,649 Shares of VICI Properties Inc. (NYSE:VICI)

Charles Schwab Investment Management Inc. raised its position in VICI Properties Inc. (NYSE:VICI) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,209,337 shares of the company’s stock after buying an additional 385,649 shares during the period. Charles Schwab Investment Management Inc.’s holdings in VICI Properties were worth $356,635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VICI. State Street Corp grew its stake in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC lifted its holdings in VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after buying an additional 608,696 shares during the period. Principal Financial Group Inc. grew its position in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after buying an additional 130,659 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after buying an additional 7,658,819 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of VICI Properties by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,209,783 shares of the company’s stock worth $206,848,000 after acquiring an additional 26,990 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.7 %

VICI opened at $32.42 on Thursday. The company has a fifty day moving average price of $30.02 and a two-hundred day moving average price 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 market cap of $34.24 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 EPS 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 the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Mizuho reduced their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Stifel Nicolaus increased their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Truist Financial dropped their target price 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, Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.30.

About VICI Properties

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.