New York State Common Retirement Fund Sells 42,800 Shares of VICI Properties Inc. (NYSE:VICI)

New York State Common Retirement Fund decreased its position in VICI Properties Inc. (NYSE:VICI) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654,842 shares of the company’s stock after selling 42,800 shares during the quarter. New York State Common Retirement Fund owned 0.06% of VICI Properties worth $19,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after acquiring an additional 7,658,819 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after purchasing an additional 1,744,939 shares during the last quarter. State Street Corp lifted its position in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after purchasing an additional 960,706 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Up 1.6 %

Shares of NYSE:VICI opened at $31.25 on Friday. The stock has a 50 day moving average price of $29.59 and a 200-day moving average price of $31.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $32.95 billion, a P/E ratio of 12.21, a P/E/G ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $969.29 million. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

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

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday. Truist Financial lowered their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Barclays lowered their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.