Illinois Municipal Retirement Fund Decreases Position in VICI Properties Inc. (NYSE:VICI)

Illinois Municipal Retirement Fund decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 412,905 shares of the company’s stock after selling 19,605 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in VICI Properties were worth $12,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at $33,000. Continuum Advisory LLC increased its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. Cromwell Holdings LLC raised its position in VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in VICI Properties by 27.1% during the 4th quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after acquiring an additional 468 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 2.1 %

NYSE VICI opened at $32.61 on Wednesday. The stock’s 50-day moving average price is $29.66 and its 200-day moving average price is $31.45. The company has a market capitalization of $34.45 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

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

VICI Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Mizuho decreased their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Stifel Nicolaus raised their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.20.

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.