CIBC Asset Management Inc Reduces Stock Holdings in VICI Properties Inc. (NYSE:VICI)

CIBC Asset Management Inc cut its holdings in VICI Properties Inc. (NYSE:VICIFree Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,361 shares of the company’s stock after selling 3,151 shares during the period. CIBC Asset Management Inc’s holdings in VICI Properties were worth $6,037,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. NEOS Investment Management LLC boosted its position in VICI Properties by 50.2% during the fourth quarter. NEOS Investment Management LLC now owns 14,606 shares of the company’s stock worth $466,000 after acquiring an additional 4,882 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of VICI Properties by 7.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 830,891 shares of the company’s stock valued at $26,489,000 after acquiring an additional 54,622 shares in the last quarter. Bard Associates Inc. increased its holdings in VICI Properties by 0.5% during the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after purchasing an additional 395 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in shares of VICI Properties by 14.9% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 91,715 shares of the company’s stock worth $2,924,000 after buying an additional 11,902 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of VICI Properties by 25.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 65,356 shares of the company’s stock worth $2,084,000 after purchasing an additional 13,103 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VICI shares. Morgan Stanley upped their target price on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Mizuho lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank boosted their price objective on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Finally, Wells Fargo & Company reduced their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.18.

Read Our Latest Stock Analysis on VICI Properties

Insider Transactions at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $28.38 on Thursday. The stock’s fifty day simple moving average is $28.90 and its 200 day simple moving average is $29.74. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $29.61 billion, a PE ratio of 11.22, a PEG ratio of 2.35 and a beta of 0.91. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.40.

VICI Properties Company Profile

(Free Report)

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.

Further Reading

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

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