VICI Properties Inc. (NYSE:VICI) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 26.2% in the 4th quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VICI. Bell Investment Advisors Inc grew its stake in VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Alaska Permanent Fund Corp lifted its holdings in shares of VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after acquiring an additional 466 shares during the last quarter. HBC Financial Services PLLC acquired a new position in shares of VICI Properties in the 4th quarter worth approximately $31,000. ING Groep NV acquired a new stake in VICI Properties during the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. lifted its holdings in VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after buying an additional 938 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at VICI Properties

In other news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.25 during midday trading on Tuesday, hitting $28.29. The company had a trading volume of 1,690,174 shares, compared to its average volume of 6,133,846. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 6.27 and a beta of 0.90. The business has a 50-day simple moving average of $29.08 and a two-hundred day simple moving average of $29.62. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s payout ratio is currently 66.94%.

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.