Retirement Systems of Alabama Has $27.58 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Retirement Systems of Alabama lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 827,872 shares of the company’s stock after selling 3,324 shares during the period. Retirement Systems of Alabama’s holdings in VICI Properties were worth $27,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in shares of VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after buying an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after acquiring an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties in the second quarter valued at about $557,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on VICI. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Mizuho reduced their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Finally, Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Stock Performance

NYSE:VICI opened at $31.13 on Friday. The company has a market capitalization of $32.82 billion, a P/E ratio of 11.53, a P/E/G ratio of 4.15 and a beta of 0.93. The business has a fifty day simple moving average of $32.06 and a two-hundred day simple moving average of $31.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

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.