Teachers Retirement System of The State of Kentucky Sells 2,986 Shares of VICI Properties Inc. (NYSE:VICI)

Teachers Retirement System of The State of Kentucky cut its holdings in VICI Properties Inc. (NYSE:VICI) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,193 shares of the company’s stock after selling 2,986 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in VICI Properties were worth $2,479,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC boosted its position in shares of VICI Properties by 47.9% in the 1st quarter. Cetera Advisors LLC now owns 32,372 shares of the company’s stock worth $964,000 after purchasing an additional 10,485 shares during the last quarter. Cetera Investment Advisers boosted its holdings in VICI Properties by 359.6% during the first quarter. Cetera Investment Advisers now owns 93,455 shares of the company’s stock worth $2,784,000 after buying an additional 73,123 shares during the last quarter. Community Trust & Investment Co. grew its position in shares of VICI Properties by 15.7% during the 1st quarter. Community Trust & Investment Co. now owns 99,912 shares of the company’s stock worth $2,976,000 after buying an additional 13,529 shares during the period. Swedbank AB bought a new stake in shares of VICI Properties in the 1st quarter valued at about $5,680,000. Finally, Tidal Investments LLC raised its position in shares of VICI Properties by 12.2% in the 1st quarter. Tidal Investments LLC now owns 55,805 shares of the company’s stock valued at $1,662,000 after acquiring an additional 6,049 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock traded up $0.16 during trading hours on Friday, reaching $31.50. 6,122,692 shares of the stock were exchanged, compared to its average volume of 6,118,497. The firm’s 50-day moving average is $29.00 and its 200-day moving average is $29.25. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $32.68. The company has a market cap of $32.99 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 2.77 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were issued a dividend of $0.415 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.27%. VICI Properties’s payout ratio is presently 65.61%.

Analyst Ratings Changes

VICI has been the subject of a number of analyst reports. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Scotiabank upped their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

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.