Goldman Sachs Group Inc. Decreases Position in VICI Properties Inc. (NYSE:VICI)

Goldman Sachs Group Inc. lessened its holdings in VICI Properties Inc. (NYSE:VICIFree Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,351,244 shares of the company’s stock after selling 1,687,881 shares during the period. Goldman Sachs Group Inc. owned approximately 0.52% of VICI Properties worth $170,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of VICI Properties in the 4th quarter valued at $460,431,000. Invesco Ltd. raised its holdings in shares of VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after purchasing an additional 3,798,898 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after purchasing an additional 2,736,096 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of VICI Properties by 248.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,480,668 shares of the company’s stock valued at $79,084,000 after purchasing an additional 1,769,700 shares in the last quarter. Finally, Boston Partners raised its stake in VICI Properties by 36.6% during the 4th quarter. Boston Partners now owns 6,355,783 shares of the company’s stock worth $202,603,000 after acquiring an additional 1,702,012 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on VICI

VICI Properties Stock Down 0.4 %

Shares of NYSE:VICI opened at $28.34 on Friday. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.33 and a beta of 0.91. The firm’s 50-day simple moving average is $28.87 and its 200-day simple moving average is $29.74. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40.

Insider Activity

In other news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.

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

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