Illinois Municipal Retirement Fund Trims Holdings in VICI Properties Inc. (NYSE:VICI)

Illinois Municipal Retirement Fund cut its stake in VICI Properties Inc. (NYSE:VICI) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 354,812 shares of the company’s stock after selling 125,913 shares during the period. Illinois Municipal Retirement Fund’s holdings in VICI Properties were worth $11,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Pathstone Family Office LLC boosted its holdings in shares of VICI Properties by 286.6% during the third quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock valued at $822,000 after acquiring an additional 20,869 shares during the period. Louisiana State Employees Retirement System bought a new stake in VICI Properties in the fourth quarter worth about $1,996,000. International Assets Investment Management LLC raised its position in VICI Properties by 3,074.1% in the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after acquiring an additional 176,115 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in VICI Properties by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in VICI Properties by 16.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock worth $5,930,000 after buying an additional 28,626 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

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

VICI Properties Stock Performance

VICI traded up $0.25 during trading on Tuesday, hitting $28.29. The stock had a trading volume of 1,690,174 shares, compared to its average volume of 6,133,846. The company has a 50 day moving average price of $29.08 and a 200-day moving average price of $29.62. The firm has a market cap of $29.51 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 6.27 and a beta of 0.90. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.87%. VICI Properties’s dividend payout ratio is presently 66.94%.

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.