Illinois Municipal Retirement Fund Sells 36,296 Shares of VICI Properties Inc. $VICI

Illinois Municipal Retirement Fund lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 6.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 512,591 shares of the company’s stock after selling 36,296 shares during the period. Illinois Municipal Retirement Fund’s holdings in VICI Properties were worth $11,774,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties in the first quarter worth about $25,000. Silvant Capital Management LLC bought a new position in shares of VICI Properties during the 2nd quarter valued at approximately $33,000. Atlatl Advisers LLC bought a new position in shares of VICI Properties during the 2nd quarter valued at approximately $38,000. WealthCollab LLC grew its position in shares of VICI Properties by 57.3% during the 1st quarter. WealthCollab LLC now owns 1,933 shares of the company’s stock valued at $53,000 after acquiring an additional 704 shares during the period. Finally, Essential Partners LLC purchased a new stake in shares of VICI Properties during the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial decreased their price target on shares of VICI Properties from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Deutsche Bank set a $30.00 price objective on VICI Properties in a research note on Friday, July 31st. Barclays reduced their price objective on VICI Properties from $31.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Weiss Ratings downgraded VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Finally, Evercore set a $30.00 target price on VICI Properties in a research report on Monday, September 21st. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.46.

VICI Properties Trading Down 0.2%

Shares of VICI Properties stock opened at $24.93 on Thursday. The stock has a market capitalization of $27.46 billion, a P/E ratio of 11.44, a P/E/G ratio of 2.00 and a beta of 0.64. VICI Properties Inc. has a 52-week low of $22.42 and a 52-week high of $30.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.35 and a current ratio of 2.35. The stock’s 50-day simple moving average is $23.98 and its 200 day simple moving average is $26.82.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.41). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. VICI Properties’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is currently 84.40%.

VICI Properties Company Profile

VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.