Retirement Systems of Alabama Has $24.36 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Retirement Systems of Alabama boosted its stake in VICI Properties Inc. (NYSE:VICI) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 833,838 shares of the company’s stock after purchasing an additional 5,966 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of VICI Properties worth $24,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carmel Capital Partners LLC raised its holdings in shares of VICI Properties by 1.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after buying an additional 367 shares in the last quarter. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares in the last quarter. Center For Asset Management LLC lifted its holdings in shares of VICI Properties by 2.3% in the fourth quarter. Center For Asset Management LLC now owns 19,246 shares of the company’s stock worth $562,000 after acquiring an additional 426 shares during the last quarter. Insight Folios Inc boosted its stake in shares of VICI Properties by 2.5% in the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after purchasing an additional 433 shares in the last quarter. Finally, Chase Investment Counsel Corp grew its holdings in shares of VICI Properties by 3.2% during the 3rd quarter. Chase Investment Counsel Corp now owns 15,346 shares of the company’s stock valued at $511,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several research reports. Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Truist Financial dropped their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, Barclays reduced their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

VICI Properties stock opened at $29.94 on Thursday. The firm has a market cap of $31.56 billion, a P/E ratio of 11.09, a P/E/G ratio of 3.80 and a beta of 0.95. The stock’s 50 day moving average is $29.93 and its 200 day moving average is $31.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

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.