VICI Properties Inc. (NYSE:VICI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in VICI Properties Inc. (NYSE:VICI) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 890,242 shares of the company’s stock after selling 78,761 shares during the period. New York State Common Retirement Fund owned about 0.09% of VICI Properties worth $28,381,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VICI. California Public Employees Retirement System boosted its position in VICI Properties by 7.3% in the 4th quarter. California Public Employees Retirement System now owns 2,587,851 shares of the company’s stock valued at $82,501,000 after buying an additional 176,231 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in VICI Properties by 5.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 13,230 shares of the company’s stock valued at $422,000 after buying an additional 730 shares during the period. Cetera Trust Company N.A purchased a new position in VICI Properties in the 4th quarter valued at approximately $337,000. Handelsbanken Fonder AB lifted its position in shares of VICI Properties by 85.1% during the 4th quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock worth $16,394,000 after purchasing an additional 236,430 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of VICI Properties by 3.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 262,590 shares of the company’s stock worth $8,371,000 after purchasing an additional 7,805 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction that occurred on 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 purchase, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

VICI Properties Stock Up 0.4 %

VICI stock opened at $28.55 on Friday. The company has a market cap of $29.78 billion, a P/E ratio of 11.51, a P/E/G ratio of 6.39 and a beta of 0.90. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.05. The company’s 50-day moving average price is $29.05 and its 200 day moving average price is $29.61. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

Analysts Set New Price Targets

VICI has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Morgan Stanley lifted their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.36.

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.