State of Alaska Department of Revenue Acquires 17,361 Shares of VICI Properties Inc. (NYSE:VICI)

State of Alaska Department of Revenue grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 640,550 shares of the company's stock after buying an additional 17,361 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of VICI Properties worth $20,893,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VICI. Norges Bank bought a new position in shares of VICI Properties in the 4th quarter valued at about $419,932,000. Northern Trust Corp grew its holdings in VICI Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after acquiring an additional 3,298,314 shares during the period. Mackenzie Financial Corp raised its position in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after acquiring an additional 3,255,078 shares during the last quarter. Capital World Investors boosted its position in shares of VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after purchasing an additional 2,903,744 shares during the last quarter. Finally, Man Group plc grew its stake in shares of VICI Properties by 65.0% during the fourth quarter. Man Group plc now owns 4,353,981 shares of the company's stock worth $127,180,000 after purchasing an additional 1,715,194 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.0%

VICI stock traded up $0.01 during mid-day trading on Thursday, reaching $32.33. The company had a trading volume of 8,034,431 shares, compared to its average volume of 5,936,619. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The company has a market capitalization of $34.16 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 3.00 and a beta of 0.70. 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 stock has a 50 day simple moving average of $31.90 and a two-hundred day simple moving average of $31.05.

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

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.35%. VICI Properties's dividend payout ratio is 69.20%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VICI. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Robert W. Baird upped their price objective on shares of 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 lifted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho raised their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

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.