California Public Employees Retirement System Raises Holdings in VICI Properties Inc. (NYSE:VICI)

California Public Employees Retirement System increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,364,794 shares of the company’s stock after buying an additional 88,000 shares during the period. California Public Employees Retirement System owned about 0.22% of VICI Properties worth $69,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted 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 valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties during the fourth quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the fourth quarter valued at about $40,000. Continuum Advisory LLC raised its holdings in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after buying an additional 494 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the topic of a number of analyst reports. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus raised their price target on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.23.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.43 on Wednesday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.27 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.88 and a beta of 0.94. The business’s 50 day moving average price is $31.24 and its 200 day moving average price is $31.33.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. VICI Properties’s payout ratio is 67.58%.

VICI Properties Company 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.