Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in VICI Properties Inc. (NYSE:VICI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in VICI Properties Inc. (NYSE:VICI) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 563,320 shares of the company’s stock after purchasing an additional 152,975 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in VICI Properties were worth $16,455,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties during the fourth quarter worth about $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties during the fourth quarter worth about $40,000. Continuum Advisory LLC grew its position in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC grew its position in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Down 1.2 %

NYSE VICI opened at $32.00 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. 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 stock has a 50-day moving average of $30.77 and a 200-day moving average of $31.46. The firm has a market cap of $33.80 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analyst Weigh In

VICI has been the subject of several recent analyst reports. Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average target price 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.