State of Alaska Department of Revenue Has $21.43 Million Holdings in VICI Properties Inc. (NYSE:VICI)

State of Alaska Department of Revenue lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 643,302 shares of the company’s stock after selling 23,428 shares during the period. State of Alaska Department of Revenue owned 0.06% of VICI Properties worth $21,427,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of VICI Properties by 671.3% during the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after purchasing an additional 627,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in VICI Properties by 15.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after buying an additional 246,983 shares during the last quarter. Norden Group LLC bought a new position in VICI Properties during the first quarter worth $1,033,000. Intech Investment Management LLC raised its stake in VICI Properties by 115.9% during the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock worth $934,000 after buying an additional 16,824 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in VICI Properties by 14.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock worth $14,437,000 after buying an additional 59,613 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 2.2 %

VICI opened at $32.10 on Friday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market cap of $33.49 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 5.15 and a beta of 0.93. The company has a fifty day moving average price of $33.00 and a two-hundred day moving average price of $30.53.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s payout ratio is 68.38%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICI. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.00.

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.