State of Alaska Department of Revenue Has $18.20 Million Holdings in VICI Properties Inc. (NYSE:VICI)

State of Alaska Department of Revenue trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,189 shares of the company’s stock after selling 20,113 shares during the period. State of Alaska Department of Revenue owned about 0.06% of VICI Properties worth $18,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of VICI Properties by 107.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,588 shares of the company’s stock valued at $332,000 after purchasing an additional 5,990 shares in the last quarter. Cetera Investment Advisers lifted its stake in VICI Properties by 91.6% during the second quarter. Cetera Investment Advisers now owns 179,042 shares of the company’s stock worth $5,128,000 after purchasing an additional 85,587 shares during the period. Sanctuary Advisors LLC acquired a new stake in VICI Properties during the second quarter valued at approximately $1,631,000. Park Avenue Securities LLC raised its holdings in shares of VICI Properties by 12.1% in the 3rd quarter. Park Avenue Securities LLC now owns 20,374 shares of the company’s stock worth $679,000 after buying an additional 2,195 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of VICI Properties by 7.3% during the 3rd quarter. Czech National Bank now owns 213,320 shares of the company’s stock worth $7,106,000 after buying an additional 14,532 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.5 %

NYSE:VICI opened at $29.94 on Thursday. The stock’s fifty day simple moving average is $29.93 and its 200-day simple moving average is $31.48. The firm has a market capitalization of $31.56 billion, a P/E ratio of 11.09, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.78%. VICI Properties’s dividend payout ratio is 64.07%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of analyst reports. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Barclays reduced their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

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.