Kentucky Retirement Systems Reduces Stake in VICI Properties Inc. (NYSE:VICI)

Kentucky Retirement Systems lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,952 shares of the company’s stock after selling 5,658 shares during the period. Kentucky Retirement Systems’ holdings in VICI Properties were worth $2,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Intech Investment Management LLC lifted its stake in shares of VICI Properties by 115.9% in the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after purchasing an additional 16,824 shares during the last quarter. Handelsbanken Fonder AB lifted its position in VICI Properties by 8.8% in the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after buying an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties in the second quarter valued at about $557,000. Los Angeles Capital Management LLC boosted its stake in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of VICI Properties by 359.6% in the 1st quarter. Cetera Investment Advisers now owns 93,455 shares of the company’s stock valued at $2,784,000 after acquiring an additional 73,123 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.67 on Monday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a market cap of $33.39 billion, a P/E ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94. 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 firm has a fifty day moving average price of $32.58 and a 200 day moving average price of $30.91.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.46%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Mizuho dropped their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, JMP Securities lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.22.

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.