VICI Properties Inc (NYSE:VICI) CEO Edward Baltazar Pitoniak Purchases 15,200 Shares

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VICI Properties Inc (NYSE:VICI) CEO Edward Baltazar Pitoniak bought 15,200 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $21.29 per share, for a total transaction of $323,608.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

VICI Properties stock traded up $0.03 during mid-day trading on Tuesday, reaching $21.26. The company had a trading volume of 2,141,644 shares, compared to its average volume of 3,912,732. VICI Properties Inc has a fifty-two week low of $17.64 and a fifty-two week high of $23.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 179.91 and a current ratio of 179.91. The firm has a market cap of $9.76 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.73 and a beta of 0.86. The company has a fifty day moving average of $21.70.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The firm had revenue of $220.75 million for the quarter, compared to analyst estimates of $216.90 million. During the same quarter last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that VICI Properties Inc will post 1.44 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on VICI shares. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Morgan Stanley set a $25.00 price objective on shares of VICI Properties and gave the company a “hold” rating in a research note on Tuesday, June 11th. Jefferies Financial Group started coverage on shares of VICI Properties in a research note on Wednesday, April 24th. They issued a “buy” rating and a $27.00 price objective on the stock. Goldman Sachs Group raised shares of VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Finally, Wells Fargo & Co raised shares of VICI Properties from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $23.00 to $24.50 in a research note on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. VICI Properties has a consensus rating of “Buy” and an average price target of $25.32.

Large investors have recently modified their holdings of the company. Pearl River Capital LLC lifted its holdings in shares of VICI Properties by 226.1% during the first quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock worth $40,000 after purchasing an additional 1,248 shares during the period. Advisor Group Inc. lifted its holdings in shares of VICI Properties by 26.4% during the fourth quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock worth $64,000 after purchasing an additional 716 shares during the period. Signaturefd LLC lifted its holdings in shares of VICI Properties by 142.7% during the second quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock worth $82,000 after purchasing an additional 2,182 shares during the period. Advisory Services Network LLC acquired a new position in shares of VICI Properties during the second quarter worth $86,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of VICI Properties during the second quarter worth $88,000. Institutional investors own 93.42% of the company’s stock.

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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