Public Employees Retirement Association of Colorado Sells 5,134 Shares of VICI Properties Inc. (NYSE:VICI)

Public Employees Retirement Association of Colorado lessened its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,205 shares of the company’s stock after selling 5,134 shares during the period. Public Employees Retirement Association of Colorado’s holdings in VICI Properties were worth $2,956,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VICI. Cohen & Steers Inc. boosted its holdings in shares of VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares during the period. Capital International Investors boosted its holdings in shares of VICI Properties by 17.4% during the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after acquiring an additional 9,317,582 shares during the period. Vanguard Group Inc. boosted its stake in shares of VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of VICI Properties by 37.9% in the first quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after buying an additional 3,109,028 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of VICI Properties by 8.7% in the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after buying an additional 3,001,793 shares during the period. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.56.

VICI Properties Stock Up 0.8 %

Shares of VICI opened at $33.07 on Monday. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.29. The company has a market cap of $34.50 billion, a P/E ratio of 13.07, a P/E/G ratio of 5.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a 50 day simple moving average of $32.13 and a two-hundred day simple moving average of $29.93.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.23%. The ex-dividend date is Wednesday, September 18th. VICI Properties’s payout ratio is currently 68.38%.

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.