State of New Jersey Common Pension Fund D Has $27.88 Million Position in VICI Properties Inc. (NYSE:VICI)

State of New Jersey Common Pension Fund D cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 31.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 973,579 shares of the company’s stock after selling 444,114 shares during the period. State of New Jersey Common Pension Fund D’s holdings in VICI Properties were worth $27,883,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VICI. Cohen & Steers Inc. boosted its stake in shares of VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares in the last quarter. Norges Bank bought a new stake in VICI Properties during the 4th quarter worth approximately $460,431,000. Capital International Investors increased its position in VICI Properties by 17.4% in the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after acquiring an additional 9,317,582 shares during the period. Vanguard Group Inc. raised its stake in shares of VICI Properties by 4.6% during the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of VICI Properties by 37.9% during the first quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock worth $337,029,000 after purchasing an additional 3,109,028 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI opened at $33.57 on Friday. The firm has a market cap of $35.02 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 5.26 and a beta of 0.94. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.17. The business’s 50 day moving average price is $31.52 and its two-hundred day moving average price is $29.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 68.38%.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent research reports. Evercore ISI raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Finally, Scotiabank upped their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

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.