Illinois Municipal Retirement Fund Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Illinois Municipal Retirement Fund raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 20.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 498,191 shares of the company's stock after purchasing an additional 85,286 shares during the quarter. Illinois Municipal Retirement Fund's holdings in VICI Properties were worth $16,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its position in VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after purchasing an additional 984,421 shares during the period. Geode Capital Management LLC raised its position in VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the period. Capital World Investors raised its position in VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares during the period. Norges Bank purchased a new stake in shares of VICI Properties in the 4th quarter valued at $419,932,000. Finally, Invesco Ltd. raised its holdings in shares of VICI Properties by 5.4% in the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after buying an additional 692,092 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VICI shares. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Barclays boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus boosted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Two research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.42.

VICI Properties Trading Down 0.0%

VICI opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The company has a market cap of $34.07 billion, a P/E ratio of 12.90, a PEG ratio of 2.99 and a beta of 0.70. The business's 50-day simple moving average is $31.96 and its 200-day simple moving average is $31.08.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.

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.

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