California Public Employees Retirement System Has $82.50 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

California Public Employees Retirement System lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,587,851 shares of the company's stock after acquiring an additional 176,231 shares during the period. California Public Employees Retirement System owned 0.25% of VICI Properties worth $82,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc grew its position in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company's stock valued at $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp lifted its stake in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company's stock worth $29,000 after purchasing an additional 466 shares in the last quarter. HBC Financial Services PLLC acquired a new position in shares of VICI Properties during the 4th quarter worth approximately $31,000. ING Groep NV purchased a new position in VICI Properties during the third quarter worth approximately $36,000. Finally, Blue Trust Inc. raised 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 valued at $36,000 after buying an additional 938 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VICI. Wells Fargo & Company dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 6th. Morgan Stanley lifted their price objective on VICI Properties from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday, March 18th. Finally, Mizuho dropped their target price on VICI Properties from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties has an average rating of "Moderate Buy" and a consensus target price of $34.36.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

VICI Properties Stock Up 0.4 %

VICI Properties stock traded up $0.12 during mid-day trading on Thursday, hitting $28.55. The company had a trading volume of 5,195,375 shares, compared to its average volume of 6,206,846. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The stock has a market cap of $29.78 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 6.42 and a beta of 0.90. The business has a fifty day moving average of $29.05 and a 200 day moving average of $29.61.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date of this dividend 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 is presently 66.94%.

VICI Properties 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.