State of New Jersey Common Pension Fund D Acquires 35,000 Shares of VICI Properties Inc. (NYSE:VICI)

State of New Jersey Common Pension Fund D lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,417,693 shares of the company’s stock after purchasing an additional 35,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.14% of VICI Properties worth $45,196,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Invesco Ltd. grew its stake in VICI Properties by 19.1% during the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after buying an additional 3,798,898 shares in the last quarter. JPMorgan Chase & Co. increased its stake in VICI Properties by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock valued at $510,238,000 after acquiring an additional 86,084 shares during the last quarter. Northern Trust Corp increased its stake in VICI Properties by 2.0% in the third quarter. Northern Trust Corp now owns 11,130,050 shares of the company’s stock valued at $323,884,000 after acquiring an additional 213,923 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock valued at $295,271,000 after purchasing an additional 183,369 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in VICI Properties by 50.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after purchasing an additional 2,736,096 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. Morgan Stanley boosted 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. Wells Fargo & Company dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Mizuho decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Trading Down 0.3 %

Shares of VICI stock traded down $0.08 during trading hours on Friday, hitting $28.47. 6,216,744 shares of the company’s stock traded hands, compared to its average volume of 6,207,078. The stock has a market cap of $29.70 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 6.39 and a beta of 0.90. The stock’s 50 day simple moving average is $29.03 and its 200 day simple moving average is $29.60. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.83%. VICI Properties’s payout ratio is 66.94%.

Insider Transactions at VICI Properties

In other news, Director James R. Abrahamson bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price 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 $4,020,016.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.

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.