Teachers Retirement System of The State of Kentucky Has $2.48 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Teachers Retirement System of The State of Kentucky cut its holdings in VICI Properties Inc. (NYSE:VICI) by 3.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 83,193 shares of the company’s stock after selling 2,986 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in VICI Properties were worth $2,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after buying an additional 938 shares during the period. Ballentine Partners LLC acquired a new stake in VICI Properties in the fourth quarter valued at approximately $375,000. Arizona State Retirement System increased its holdings in shares of VICI Properties by 1.7% during the fourth quarter. Arizona State Retirement System now owns 278,531 shares of the company’s stock valued at $8,880,000 after acquiring an additional 4,554 shares in the last quarter. Private Trust Co. NA raised its position in shares of VICI Properties by 35.4% during the fourth quarter. Private Trust Co. NA now owns 10,847 shares of the company’s stock worth $346,000 after purchasing an additional 2,836 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its holdings in shares of VICI Properties by 1.4% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 577,899 shares of the company’s stock worth $18,423,000 after purchasing an additional 8,249 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank boosted their price target on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho boosted their target price on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Trading Up 0.5 %

Shares of VICI traded up $0.16 during trading hours on Friday, reaching $31.50. 6,122,692 shares of the stock traded hands, compared to its average volume of 6,118,497. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $32.68. The company has a market cap of $32.99 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 2.77 and a beta of 0.92. The stock has a fifty day simple moving average of $29.00 and a 200 day simple moving average of $29.25.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.415 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.27%. VICI Properties’s dividend payout ratio is currently 65.61%.

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.