Public Employees Retirement Association of Colorado Has $2.96 Million Stake in VICI Properties Inc. (NYSE:VICI)

Public Employees Retirement Association of Colorado decreased its position in VICI Properties Inc. (NYSE:VICI) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,205 shares of the company’s stock after selling 5,134 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in VICI Properties were worth $2,956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tucker Asset Management LLC raised its stake in shares of VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the period. UMB Bank n.a. increased its position in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Quarry LP increased its position in shares of VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after acquiring an additional 741 shares during the last quarter. Carmichael Hill & Associates Inc. increased its position in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties in the second quarter valued at about $43,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent research reports. Evercore ISI lifted their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.56.

VICI Properties Price Performance

Shares of NYSE VICI opened at $33.07 on Monday. The business’s 50 day moving average price is $32.13 and its two-hundred day moving average price is $29.93. The company has a market cap of $34.50 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.29.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 68.38%.

About VICI Properties

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.