Pacer Advisors Inc. Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Pacer Advisors Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 128.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,689 shares of the company’s stock after acquiring an additional 100,012 shares during the quarter. Pacer Advisors Inc.’s holdings in VICI Properties were worth $5,190,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. UMB Bank n.a. grew its position in shares of VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in VICI Properties during the third quarter valued at approximately $67,000. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several analyst reports. Truist Financial cut their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays began coverage on shares of VICI Properties in a research report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Trading Up 0.5 %

VICI Properties stock opened at $29.80 on Friday. The stock has a 50-day moving average price of $30.13 and a 200 day moving average price of $31.49. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.81%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

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.