Maryland State Retirement & Pension System Purchases 3,821 Shares of VICI Properties Inc. (NYSE:VICI)

Maryland State Retirement & Pension System raised its holdings in VICI Properties Inc. (NYSE:VICI) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,471 shares of the company’s stock after purchasing an additional 3,821 shares during the quarter. Maryland State Retirement & Pension System’s holdings in VICI Properties were worth $2,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VICI. Avantax Advisory Services Inc. boosted its position in VICI Properties by 5.2% in the third quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock valued at $229,000 after buying an additional 387 shares in the last quarter. Schnieders Capital Management LLC raised its stake in shares of VICI Properties by 0.8% during the fourth quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock valued at $1,653,000 after acquiring an additional 406 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the last quarter. Larson Financial Group LLC raised its stake in VICI Properties by 0.8% during the third quarter. Larson Financial Group LLC now owns 53,385 shares of the company’s stock worth $1,554,000 after buying an additional 435 shares during the last quarter. Finally, Alaska Permanent Fund Corp lifted its stake in shares of VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after purchasing an additional 466 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 1.2 %

VICI Properties stock traded down $0.36 during trading on Wednesday, hitting $29.19. 534,265 shares of the company were exchanged, compared to its average volume of 6,195,544. 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 business’s 50 day moving average is $28.92 and its 200 day moving average is $29.62. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40. The company has a market capitalization of $30.45 billion, a P/E ratio of 11.68, a PEG ratio of 6.47 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VICI shares. Morgan Stanley increased their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Mizuho cut their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Wells Fargo & Company decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.10.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now directly owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

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.