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

New York State Common Retirement Fund decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 890,242 shares of the company’s stock after selling 78,761 shares during the period. New York State Common Retirement Fund’s holdings in VICI Properties were worth $28,381,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Avantax Advisory Services Inc. increased its position in VICI Properties by 5.2% during the third quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock worth $229,000 after acquiring an additional 387 shares during the period. Redmont Wealth Advisors LLC increased its position in VICI Properties by 2.1% during the third quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company’s stock worth $542,000 after acquiring an additional 391 shares during the period. Kingswood Wealth Advisors LLC increased its position in VICI Properties by 1.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 24,410 shares of the company’s stock worth $710,000 after acquiring an additional 394 shares during the period. Bell Investment Advisors Inc increased its position in VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares during the period. Finally, Larson Financial Group LLC boosted its stake in VICI Properties by 0.8% during the third quarter. Larson Financial Group LLC now owns 53,385 shares of the company’s stock worth $1,554,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insider Transactions at VICI Properties

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the purchase, 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 is accessible through this link. Company insiders own 0.25% of the company’s stock.

VICI Properties Price Performance

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

VICI Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VICI. Wells Fargo & Company decreased their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Mizuho reduced their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Morgan Stanley upped their price target 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.