VICI Properties Inc. $VICI Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 35.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,337 shares of the company’s stock after selling 51,249 shares during the quarter. Pacer Advisors Inc.’s holdings in VICI Properties were worth $2,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its position in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after purchasing an additional 25,234 shares during the period. Woodline Partners LP grew its position in VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after purchasing an additional 26,017 shares during the period. Jump Financial LLC grew its position in VICI Properties by 45.0% during the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after purchasing an additional 8,259 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of VICI Properties by 96.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after buying an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after buying an additional 2,775 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VICI shares. Barclays dropped their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Scotiabank decreased their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research note on Friday, July 31st. Finally, Robert W. Baird set a $32.00 target price on shares of VICI Properties in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, VICI Properties currently has an average rating of “Hold” and an average price target of $31.54.

VICI Properties Trading Up 0.7%

Shares of VICI stock opened at $26.72 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 10.36 and a beta of 0.65. The stock has a 50 day simple moving average of $26.91 and a 200-day simple moving average of $27.99. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $33.92.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is presently 69.77%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.