62,600 Shares in VICI Properties Inc. (NYSE:VICI) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 62,600 shares of the company’s stock, valued at approximately $1,996,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in VICI Properties by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $2,810,583,000 after purchasing an additional 10,248,110 shares during the period. State Street Corp lifted its position in VICI Properties by 3.2% during the 1st quarter. State Street Corp now owns 56,573,053 shares of the company’s stock valued at $1,867,056,000 after purchasing an additional 1,753,004 shares during the period. Invesco Ltd. lifted its position in VICI Properties by 19.1% during the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after purchasing an additional 3,798,898 shares during the period. Geode Capital Management LLC lifted its position in VICI Properties by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 22,976,184 shares of the company’s stock valued at $748,300,000 after purchasing an additional 306,682 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in VICI Properties by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock valued at $510,238,000 after purchasing an additional 86,084 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VICI shares. Morgan Stanley upped their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Wells Fargo & Company lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Finally, Mizuho lowered their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

Insider Buying and Selling

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

VICI Properties Price Performance

NYSE VICI opened at $27.20 on Thursday. The business has a 50 day simple moving average of $29.19 and a 200 day simple moving average of $29.62. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 6.09 and a beta of 0.90.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 6.10%. VICI Properties’s payout ratio is 66.94%.

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.