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

Kentucky Retirement Systems lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,565 shares of the company’s stock after selling 4,209 shares during the period. Kentucky Retirement Systems’ holdings in VICI Properties were worth $2,340,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in VICI Properties by 2.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,576 shares of the company’s stock valued at $44,584,000 after acquiring an additional 29,145 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in VICI Properties by 168.4% in the 1st quarter. 1832 Asset Management L.P. now owns 482,005 shares of the company’s stock valued at $14,359,000 after purchasing an additional 302,414 shares during the last quarter. Truvestments Capital LLC boosted its holdings in VICI Properties by 13.8% in the 1st quarter. Truvestments Capital LLC now owns 98,045 shares of the company’s stock valued at $2,921,000 after purchasing an additional 11,903 shares during the last quarter. Gabelli Funds LLC boosted its holdings in VICI Properties by 3.4% in the 1st quarter. Gabelli Funds LLC now owns 154,215 shares of the company’s stock valued at $4,594,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in VICI Properties by 7.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,714,400 shares of the company’s stock valued at $51,072,000 after purchasing an additional 119,130 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Mizuho boosted their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Scotiabank boosted their target price on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Price Performance

Shares of VICI stock traded up $0.15 during trading hours on Monday, hitting $31.03. The company had a trading volume of 758,766 shares, compared to its average volume of 6,225,519. The company’s fifty day moving average is $28.80 and its 200 day moving average is $29.22. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $32.68. The stock has a market capitalization of $32.37 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 2.73 and a beta of 0.92.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were issued a $0.415 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.35%. VICI Properties’s dividend payout ratio is currently 65.61%.

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.