California Public Employees Retirement System Has $82.50 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

California Public Employees Retirement System grew its position in VICI Properties Inc. (NYSE:VICI) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,587,851 shares of the company’s stock after buying an additional 176,231 shares during the period. California Public Employees Retirement System owned 0.25% of VICI Properties worth $82,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its position in shares of VICI Properties by 5.2% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock worth $229,000 after purchasing an additional 387 shares during the last quarter. Redmont Wealth Advisors LLC boosted its position in shares of VICI Properties by 2.1% in the 3rd quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company’s stock worth $542,000 after purchasing an additional 391 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of VICI Properties by 1.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 24,410 shares of the company’s stock worth $710,000 after purchasing an additional 394 shares during the last quarter. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of VICI Properties by 0.8% in the 3rd quarter. Larson Financial Group LLC now owns 53,385 shares of the company’s stock worth $1,554,000 after purchasing an additional 435 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VICI. Morgan Stanley raised their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Wells Fargo & Company reduced their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Finally, Mizuho reduced their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Three investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

Insider Activity

In other news, Director James R. Abrahamson purchased 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the acquisition, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $28.43 on Thursday. The business’s 50-day moving average price is $29.07 and its two-hundred day moving average price is $29.62. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.66 billion, a PE ratio of 11.46, a P/E/G ratio of 6.42 and a beta of 0.90. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.84%. VICI Properties’s dividend payout ratio is presently 66.94%.

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.