Louisiana State Employees Retirement System Acquires New Holdings in VICI Properties Inc. (NYSE:VICI)

Louisiana State Employees Retirement System acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 62,600 shares of the company’s stock, valued at approximately $1,996,000.

Several other hedge funds have also recently bought and sold shares of the company. Simplicity Solutions LLC lifted its position in VICI Properties by 4.3% in the 4th quarter. Simplicity Solutions LLC now owns 46,331 shares of the company’s stock valued at $1,477,000 after purchasing an additional 1,915 shares during the last quarter. Graypoint LLC bought a new stake in VICI Properties in the 4th quarter valued at about $211,000. Ingalls & Snyder LLC acquired a new position in VICI Properties during the 4th quarter valued at about $382,000. Valeo Financial Advisors LLC increased its stake in VICI Properties by 16.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 10,647 shares of the company’s stock valued at $339,000 after buying an additional 1,471 shares during the period. Finally, HBC Financial Services PLLC acquired a new position in VICI Properties during the 4th quarter valued at about $31,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

VICI Properties stock opened at $27.20 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The company has a market cap of $28.37 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 6.09 and a beta of 0.90. The firm’s 50 day simple moving average is $29.19 and its 200-day simple moving average is $29.62. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is currently 66.94%.

Analysts Set New Price Targets

Several equities analysts have commented on VICI shares. Mizuho lowered their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Morgan Stanley raised their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company lowered their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

Insider Buying and Selling

In related news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the acquisition, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

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.