Charles Schwab Investment Management Inc. Buys 385,649 Shares of VICI Properties Inc. (NYSE:VICI)

Charles Schwab Investment Management Inc. raised its stake in VICI Properties Inc. (NYSE:VICI) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,209,337 shares of the company’s stock after purchasing an additional 385,649 shares during the period. Charles Schwab Investment Management Inc. owned 1.16% of VICI Properties worth $356,635,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VICI. Venturi Wealth Management LLC lifted its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at about $40,000. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC increased its position in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after acquiring an additional 494 shares during the period. 97.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VICI shares. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Stifel Nicolaus raised their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Mizuho reduced their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.30.

VICI Properties Price Performance

VICI Properties stock opened at $32.42 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market capitalization of $34.24 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The stock has a fifty day moving average of $30.02 and a 200-day moving average of $31.48.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Company 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.