State of Alaska Department of Revenue Has $18.20 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

State of Alaska Department of Revenue reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 623,189 shares of the company’s stock after selling 20,113 shares during the period. State of Alaska Department of Revenue’s holdings in VICI Properties were worth $18,202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bleakley Financial Group LLC lifted its holdings in shares of VICI Properties by 2.5% in the fourth quarter. Bleakley Financial Group LLC now owns 40,494 shares of the company’s stock valued at $1,183,000 after purchasing an additional 969 shares in the last quarter. NovaPoint Capital LLC raised its position in VICI Properties by 8.2% in the 4th quarter. NovaPoint Capital LLC now owns 15,131 shares of the company’s stock valued at $442,000 after buying an additional 1,151 shares during the last quarter. Tectonic Advisors LLC boosted its position in VICI Properties by 15.9% during the 4th quarter. Tectonic Advisors LLC now owns 237,250 shares of the company’s stock worth $6,930,000 after acquiring an additional 32,625 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of VICI Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 141,213 shares of the company’s stock worth $4,088,000 after acquiring an additional 11,926 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of VICI Properties by 29.6% in the fourth quarter. Y.D. More Investments Ltd now owns 5,104 shares of the company’s stock valued at $149,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Barclays lowered their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Trading Up 0.5 %

VICI stock opened at $29.94 on Thursday. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a market cap of $31.56 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. The company has a fifty day moving average price of $29.93 and a two-hundred day moving average price of $31.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

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.