PNC Financial Services Group Inc. Has $3.28 Million Position in VICI Properties Inc. $VICI

PNC Financial Services Group Inc. grew its position in VICI Properties Inc. (NYSE:VICI) by 21.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,991 shares of the company’s stock after buying an additional 21,297 shares during the period. PNC Financial Services Group Inc.’s holdings in VICI Properties were worth $3,278,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Corrado Advisors LLC increased its holdings in VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after purchasing an additional 393 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of VICI Properties by 2.9% in the fourth quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock valued at $431,000 after purchasing an additional 434 shares in the last quarter. West Paces Advisors Inc. lifted its holdings in shares of VICI Properties by 2.4% in the fourth quarter. West Paces Advisors Inc. now owns 18,226 shares of the company’s stock valued at $513,000 after purchasing an additional 435 shares in the last quarter. Brookstone Capital Management boosted its position in shares of VICI Properties by 6.6% during the fourth quarter. Brookstone Capital Management now owns 7,186 shares of the company’s stock worth $202,000 after buying an additional 444 shares during the period. Finally, Beacon Investment Advisors LLC boosted its position in shares of VICI Properties by 3.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after buying an additional 455 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a report on Monday, May 4th. Barclays decreased their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley lowered their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company cut their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Hold” and a consensus target price of $31.77.

VICI Properties Stock Up 1.2%

VICI stock opened at $27.08 on Wednesday. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 9.28 and a beta of 0.65. VICI Properties Inc. has a twelve month low of $25.82 and a twelve month high of $34.01. The business has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $28.08. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. Analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Thursday, June 18th. VICI Properties’s payout ratio is presently 61.64%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.