Maryland State Retirement & Pension System Has $1.63 Million Position in VICI Properties Inc. (NYSE:VICI)

Maryland State Retirement & Pension System lowered its holdings in VICI Properties Inc. (NYSE:VICI) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 55,664 shares of the company’s stock after selling 3,944 shares during the period. Maryland State Retirement & Pension System’s holdings in VICI Properties were worth $1,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. D.A. Davidson & CO. increased its stake in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after acquiring an additional 340 shares during the period. Carret Asset Management LLC increased its stake in VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after acquiring an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after acquiring an additional 372 shares during the period. Continuum Advisory LLC increased its stake in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after acquiring an additional 391 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $31.51 on Friday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm’s 50 day moving average is $30.84 and its 200-day moving average is $31.44. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.88 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is 67.58%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VICI shares. Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Mizuho decreased their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties 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.