Illinois Municipal Retirement Fund Cuts Holdings in VICI Properties Inc. (NYSE:VICI)

Illinois Municipal Retirement Fund cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 412,905 shares of the company’s stock after selling 19,605 shares during the period. Illinois Municipal Retirement Fund’s holdings in VICI Properties were worth $12,061,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its position in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after acquiring an additional 24,159 shares during the last quarter. Oxbow Advisors LLC bought a new position in VICI Properties during the fourth quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp grew its stake in shares of VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after buying an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after buying an additional 40,733 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd raised its position in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after buying an additional 130,000 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VICI. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Stifel Nicolaus increased their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Truist Financial lowered their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Trading Up 2.1 %

Shares of VICI opened at $32.61 on Wednesday. The firm has a market capitalization of $34.45 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 3.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a 50-day moving average of $29.66 and a 200 day moving average of $31.45.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. VICI Properties’s dividend payout ratio is currently 67.58%.

VICI Properties Company 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.