New York State Common Retirement Fund Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

New York State Common Retirement Fund cut its stake in VICI Properties Inc. (NYSE:VICI) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 654,842 shares of the company’s stock after selling 42,800 shares during the period. New York State Common Retirement Fund’s holdings in VICI Properties were worth $19,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VICI. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in VICI Properties in the 4th quarter worth approximately $33,000. Continuum Advisory LLC grew its position in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the period. Quent Capital LLC grew its holdings in shares of VICI Properties by 27.1% in the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock worth $64,000 after acquiring an additional 468 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI opened at $31.25 on Friday. The firm has a market cap of $32.95 billion, a P/E ratio of 12.21, a PEG ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a 50 day simple moving average of $29.59 and a two-hundred day simple moving average of $31.43. 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 (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analyst Ratings Changes

A number of research firms have issued reports on VICI. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays cut their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.