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

Kentucky Retirement Systems lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,961 shares of the company’s stock after selling 991 shares during the quarter. Kentucky Retirement Systems’ holdings in VICI Properties were worth $2,102,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties in the 4th quarter worth approximately $33,000. Continuum Advisory LLC boosted its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in VICI Properties in the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

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

VICI Properties Stock Performance

Shares of VICI opened at $31.25 on Friday. The business’s fifty day moving average price is $29.59 and its 200 day moving average price is $31.43. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $32.95 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $969.29 million. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

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.