California Public Employees Retirement System grew its holdings in VICI Properties Inc (NYSE:VICI) by 1,730.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,343 shares of the company’s stock after purchasing an additional 421,964 shares during the period. California Public Employees Retirement System owned approximately 0.12% of VICI Properties worth $9,213,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of VICI Properties by 45.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,198 shares of the company’s stock valued at $334,000 after purchasing an additional 5,044 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of VICI Properties in the second quarter valued at $120,000. American International Group Inc. purchased a new stake in shares of VICI Properties in the first quarter valued at $106,000. United Services Automobile Association purchased a new stake in shares of VICI Properties in the second quarter valued at $204,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of VICI Properties by 19.4% in the second quarter. BNP Paribas Arbitrage SA now owns 65,962 shares of the company’s stock valued at $1,361,000 after purchasing an additional 10,733 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.
Shares of NYSE:VICI opened at $21.37 on Tuesday. The company has a current ratio of 152.87, a quick ratio of 152.87 and a debt-to-equity ratio of 0.67. VICI Properties Inc has a 1 year low of $17.58 and a 1 year high of $22.99.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 28th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.38%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, September 27th.
A number of research firms have recently issued reports on VICI. Nomura began coverage on VICI Properties in a report on Wednesday, September 26th. They issued a “buy” rating and a $29.00 target price for the company. Credit Suisse Group began coverage on VICI Properties in a report on Tuesday, August 14th. They issued an “outperform” rating and a $24.00 target price for the company. Citigroup reduced their target price on VICI Properties from $22.00 to $21.00 and set a “hold” rating for the company in a report on Thursday, August 9th. Morgan Stanley increased their target price on VICI Properties from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, July 24th. Finally, Wells Fargo & Co began coverage on VICI Properties in a report on Wednesday, July 11th. They issued a “market perform” rating and a $22.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.83.
VICI Properties Company Profile
VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.
Further Reading: Intrinsic Value and Stock Selection
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