Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,635 shares of the company's stock, valued at approximately $999,000.

A number of other hedge funds also recently bought and sold shares of the company. Transce3nd LLC bought a new stake in VICI Properties in the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC lifted its position in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares during the period. Quarry LP increased its stake in shares of VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after buying an additional 897 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.1%

Shares of NYSE VICI traded up $0.03 during trading on Tuesday, reaching $32.84. The company had a trading volume of 3,629,630 shares, compared to its average volume of 5,941,739. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a market cap of $34.70 billion, a PE ratio of 13.13, a P/E/G ratio of 3.04 and a beta of 0.70. The business's 50-day moving average is $31.97 and its 200 day moving average is $31.07. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's dividend payout ratio is 69.20%.

Analyst Ratings Changes

Several research firms have recently issued reports on VICI. Wells Fargo & Company boosted their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial boosted their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus boosted their target price on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus price target of $35.42.

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.