New Mexico Educational Retirement Board Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

New Mexico Educational Retirement Board lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,900 shares of the company’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in VICI Properties were worth $1,458,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VICI. Creative Planning increased its holdings in VICI Properties by 4.2% in the third quarter. Creative Planning now owns 74,125 shares of the company’s stock valued at $2,469,000 after buying an additional 2,971 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in VICI Properties by 8.8% in the third quarter. V Square Quantitative Management LLC now owns 11,830 shares of the company’s stock valued at $394,000 after buying an additional 954 shares during the last quarter. Blue Trust Inc. increased its holdings in VICI Properties by 103.9% in the third quarter. Blue Trust Inc. now owns 3,526 shares of the company’s stock valued at $117,000 after buying an additional 1,797 shares during the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in VICI Properties in the third quarter valued at $10,794,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in VICI Properties by 1,774.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company’s stock valued at $78,000 after buying an additional 2,218 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on VICI. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays dropped their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Mizuho dropped their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI stock opened at $30.39 on Monday. The stock has a market capitalization of $32.04 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock’s 50-day moving average price is $29.66 and its 200 day moving average price is $31.46. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

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.