VICI Properties Inc. (NYSE:VICI) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its stake in VICI Properties Inc. (NYSE:VICI) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 821,303 shares of the company’s stock after selling 40,184 shares during the period. M&T Bank Corp owned approximately 0.08% of VICI Properties worth $23,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in VICI. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC purchased a new position in VICI Properties in the fourth quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the fourth quarter worth approximately $40,000. Continuum Advisory LLC grew its position 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 acquiring an additional 374 shares during the period. Finally, Cromwell Holdings LLC grew its position in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after acquiring an additional 494 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VICI shares. Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial decreased their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus upped their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.30.

VICI Properties Trading Up 0.7 %

Shares of VICI Properties stock opened at $32.42 on Thursday. 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 Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market capitalization of $34.24 billion, a P/E ratio of 12.66, a P/E/G ratio of 3.88 and a beta of 0.94. The business has a 50 day moving average price of $30.02 and a 200 day moving average price of $31.48.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million during 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%. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Company 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.