Cbre Clarion Securities LLC Has $29.08 Million Position in VICI Properties Inc. (NYSE:VICI)

Cbre Clarion Securities LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 74.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,725 shares of the company’s stock after selling 2,965,224 shares during the quarter. Cbre Clarion Securities LLC’s holdings in VICI Properties were worth $29,079,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nicholas Investment Partners LP acquired a new stake in VICI Properties during the fourth quarter worth approximately $4,577,000. Principal Financial Group Inc. boosted its holdings in shares of VICI Properties by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 10,898,145 shares of the company’s stock valued at $277,904,000 after purchasing an additional 48,442 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of VICI Properties by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,022,649 shares of the company’s stock valued at $128,078,000 after purchasing an additional 145,034 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of VICI Properties by 6.1% in the 4th quarter. BlackRock Inc. now owns 46,508,546 shares of the company’s stock valued at $1,185,967,000 after purchasing an additional 2,671,434 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of VICI Properties by 10.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,152 shares of the company’s stock valued at $2,299,000 after purchasing an additional 8,876 shares in the last quarter.

NYSE:VICI traded down $0.11 during trading hours on Friday, hitting $32.72. 57,546 shares of the company were exchanged, compared to its average volume of 5,290,080. The company has a market cap of $17.57 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.70 and a beta of 1.07. The company has a quick ratio of 6.85, a current ratio of 6.85 and a debt-to-equity ratio of 0.71. VICI Properties Inc. has a one year low of $19.32 and a one year high of $33.35. The business’s fifty day moving average is $30.77.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, April 29th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. VICI Properties had a return on equity of 12.07% and a net margin of 88.15%. On average, research analysts anticipate that VICI Properties Inc. will post 1.86 EPS for the current year.

In other VICI Properties news, Director James R. Abrahamson purchased 13,200 shares of the firm’s stock in a transaction on Tuesday, March 16th. The stock was purchased at an average cost of $28.26 per share, for a total transaction of $373,032.00. Following the acquisition, the director now owns 114,998 shares in the company, valued at approximately $3,249,843.48. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.22% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded VICI Properties from a “buy” rating to a “hold” rating in a report on Tuesday, May 4th. Evercore ISI reaffirmed an “in-line” rating on shares of VICI Properties in a report on Monday, May 10th. Raymond James increased their price target on VICI Properties from $34.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Friday, June 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target (up from $28.00) on shares of VICI Properties in a research note on Monday, May 10th. Finally, Jefferies Financial Group increased their price target on VICI Properties from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, May 3rd. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. VICI Properties presently has an average rating of “Buy” and an average price target of $30.78.

About VICI Properties

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 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

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

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