New York State Common Retirement Fund reduced its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,942 shares of the company's stock after selling 77,900 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of VICI Properties worth $18,820,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Financial Security Advisor Inc. bought a new position in VICI Properties in the 1st quarter valued at approximately $246,000. Ballentine Partners LLC bought a new position in VICI Properties in the 1st quarter valued at approximately $213,000. Cromwell Holdings LLC lifted its position in VICI Properties by 69.1% in the 1st quarter. Cromwell Holdings LLC now owns 3,507 shares of the company's stock valued at $116,000 after acquiring an additional 1,433 shares in the last quarter. Genus Capital Management Inc. lifted its position in VICI Properties by 322.2% in the 1st quarter. Genus Capital Management Inc. now owns 197,900 shares of the company's stock valued at $6,455,000 after acquiring an additional 286,980 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in VICI Properties by 3.5% in the 1st quarter. Cerity Partners LLC now owns 445,940 shares of the company's stock valued at $14,547,000 after acquiring an additional 15,020 shares in the last quarter. 97.71% of the stock is owned by institutional investors.
VICI Properties Stock Performance
Shares of NYSE:VICI traded up $0.05 during midday trading on Friday, hitting $32.89. The company had a trading volume of 6,091,503 shares, compared to its average volume of 5,891,933. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market cap of $34.76 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 3.79 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company has a fifty day moving average of $32.26 and a two-hundred day moving average of $31.43.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. VICI Properties's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.26%. VICI Properties's dividend payout ratio (DPR) is 69.20%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.38.
View Our Latest Research Report on VICI
VICI Properties Company Profile
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Free Report)
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.
Further Reading
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