Illinois Municipal Retirement Fund Has $11.31 Million Stake in VICI Properties Inc. (NYSE:VICI)

Illinois Municipal Retirement Fund lowered its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 26.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 354,812 shares of the company's stock after selling 125,913 shares during the period. Illinois Municipal Retirement Fund's holdings in VICI Properties were worth $11,311,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bell Investment Advisors Inc lifted its stake in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company's stock worth $27,000 after acquiring an additional 410 shares during the last quarter. Alaska Permanent Fund Corp lifted its stake in VICI Properties by 87.4% in the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company's stock worth $29,000 after acquiring an additional 466 shares during the last quarter. HBC Financial Services PLLC purchased a new position in VICI Properties in the fourth quarter worth approximately $31,000. Blue Trust Inc. lifted its position in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company's stock worth $36,000 after buying an additional 938 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of VICI Properties during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday, March 18th. Wells Fargo & Company cut their target price on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 6th. Finally, Mizuho cut their target price on shares of VICI Properties from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.36.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

VICI Properties Price Performance

Shares of VICI Properties stock traded up $0.54 on Tuesday, hitting $28.58. The company's stock had a trading volume of 8,838,386 shares, compared to its average volume of 6,211,478. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.05. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $29.08 and a 200-day moving average price of $29.62. The company has a market capitalization of $29.81 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 6.27 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.81%. VICI Properties's dividend payout ratio (DPR) is 66.94%.

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.