Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 152,975 Shares of VICI Properties Inc. (NYSE:VICI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,320 shares of the company’s stock after purchasing an additional 152,975 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of VICI Properties worth $16,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in shares of 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 purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties during the 4th quarter worth approximately $40,000. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the period. Finally, Cromwell Holdings LLC raised its stake in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.00 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $30.77 and its 200 day simple moving average is $31.46. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm has a market capitalization of $33.80 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last released its earnings results 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 analysts’ expectations of $969.29 million. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research reports. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Truist Financial dropped their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus upped their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.