Texas Permanent School Fund Corp Has $5 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Texas Permanent School Fund Corp lowered its stake in VICI Properties Inc. (NYSE:VICI) by 18.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,548 shares of the company’s stock after selling 39,352 shares during the period. Texas Permanent School Fund Corp’s holdings in VICI Properties were worth $4,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VICI. Tucker Asset Management LLC lifted its position in shares of VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,020 shares during the last quarter. UMB Bank n.a. increased its stake in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Quarry LP increased its stake in shares of VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after purchasing an additional 741 shares during the period. Carmichael Hill & Associates Inc. increased its stake in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties in the second quarter worth about $43,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.8 %

Shares of VICI opened at $33.57 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $31.52 and its 200 day moving average price is $29.75. The firm has a market capitalization of $35.02 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 5.26 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.17.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.15%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 18th. VICI Properties’s payout ratio is presently 68.38%.

Analyst Ratings Changes

A number of research firms have recently commented on VICI. Scotiabank lifted their price objective on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Finally, Evercore ISI boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

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.