VICI Properties Inc (VICI) Stake Increased by Utah Retirement Systems

Utah Retirement Systems grew its stake in shares of VICI Properties Inc (NYSE:VICI) by 36.7% during the third quarter, Holdings Channel reports. The fund owned 68,900 shares of the company’s stock after buying an additional 18,500 shares during the quarter. Utah Retirement Systems’ holdings in VICI Properties were worth $1,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of VICI Properties during the 2nd quarter valued at about $120,000. First Hawaiian Bank purchased a new stake in shares of VICI Properties during the 3rd quarter valued at about $120,000. US Bancorp DE purchased a new position in shares of VICI Properties in the third quarter worth approximately $142,000. United Services Automobile Association purchased a new position in shares of VICI Properties in the second quarter worth approximately $204,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of VICI Properties in the third quarter worth approximately $235,000.

VICI opened at $21.53 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.13 and a quick ratio of 65.13. VICI Properties Inc has a 12-month low of $17.58 and a 12-month high of $22.99.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $233.00 million for the quarter, compared to the consensus estimate of $225.38 million. On average, analysts predict that VICI Properties Inc will post 1.45 earnings per share for the current fiscal year.

VICI has been the topic of a number of research reports. SunTrust Banks initiated coverage on shares of VICI Properties in a report on Monday, November 19th. They issued a “buy” rating and a $26.00 price objective on the stock. Robert W. Baird initiated coverage on shares of VICI Properties in a report on Wednesday, October 24th. They issued an “outperform” rating and a $26.00 price objective on the stock. Zacks Investment Research downgraded shares of VICI Properties from a “hold” rating to a “sell” rating in a report on Thursday, November 29th. Nomura initiated coverage on shares of VICI Properties in a report on Wednesday, September 26th. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, Bank of America raised shares of VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.43.

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About VICI Properties

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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

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