DoubleLine ETF Adviser LP Cuts Stock Position in VICI Properties Inc. $VICI

DoubleLine ETF Adviser LP cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 18.7% in the first quarter, HoldingsChannel.com reports. The fund owned 61,113 shares of the company’s stock after selling 14,070 shares during the period. DoubleLine ETF Adviser LP’s holdings in VICI Properties were worth $1,994,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. raised its position in shares of VICI Properties by 18.9% during the 1st quarter. Alliancebernstein L.P. now owns 2,992,320 shares of the company’s stock worth $97,609,000 after purchasing an additional 475,359 shares during the last quarter. Belmont Capital LLC purchased a new stake in VICI Properties during the 1st quarter worth approximately $184,000. AQR Capital Management LLC raised its holdings in shares of VICI Properties by 15.4% during the first quarter. AQR Capital Management LLC now owns 1,480,773 shares of the company’s stock valued at $47,740,000 after acquiring an additional 197,529 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of VICI Properties by 7.8% in the first quarter. Advisors Asset Management Inc. now owns 36,384 shares of the company’s stock valued at $1,187,000 after acquiring an additional 2,642 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of VICI Properties by 1,169.0% in the first quarter. Ancora Advisors LLC now owns 2,538 shares of the company’s stock worth $83,000 after acquiring an additional 2,338 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $33.39 on Thursday. The firm has a 50 day simple moving average of $33.10 and a 200-day simple moving average of $32.26. The stock has a market cap of $35.60 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on VICI shares. Wells Fargo & Company increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Citigroup reaffirmed a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Scotiabank boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.55.

VICI Properties 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.