VICI Properties Inc. (NYSE:VICI) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,961 shares of the company’s stock after selling 991 shares during the period. Kentucky Retirement Systems’ holdings in VICI Properties were worth $2,102,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after buying an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC increased its position in VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares during the period. State Street Corp increased its position in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. increased its position in VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock worth $50,099,000 after buying an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE:VICI opened at $31.25 on Friday. The business’s 50-day moving average price is $29.59 and its 200 day moving average price is $31.43. The firm has a market cap of $32.95 billion, a P/E ratio of 12.21, a PEG ratio of 3.88 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 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 (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.54%. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analyst Ratings Changes

A number of research analysts have recently commented on VICI shares. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

About VICI Properties

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.