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

California Public Employees Retirement System lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,587,851 shares of the company’s stock after purchasing an additional 176,231 shares during the quarter. California Public Employees Retirement System’s holdings in VICI Properties were worth $82,501,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of VICI Properties by 19.1% during the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after buying an additional 3,798,898 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in VICI Properties by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock valued at $510,238,000 after purchasing an additional 86,084 shares during the period. Northern Trust Corp increased its holdings in VICI Properties by 2.0% in the third quarter. Northern Trust Corp now owns 11,130,050 shares of the company’s stock valued at $323,884,000 after purchasing an additional 213,923 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in VICI Properties by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock valued at $295,271,000 after purchasing an additional 183,369 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in VICI Properties by 50.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after purchasing an additional 2,736,096 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now directly owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

VICI has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Wells Fargo & Company decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Mizuho decreased their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Price Performance

VICI stock opened at $28.43 on Thursday. The stock has a market capitalization of $29.66 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 6.42 and a beta of 0.90. The company’s 50-day moving average is $29.07 and its 200-day moving average is $29.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.84%. VICI Properties’s dividend payout ratio (DPR) 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.