Pacer Advisors Inc. Lowers Stock Position in VICI Properties Inc. $VICI

Pacer Advisors Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,602 shares of the company’s stock after selling 20,040 shares during the quarter. Pacer Advisors Inc.’s holdings in VICI Properties were worth $3,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after purchasing an additional 1,849,545 shares in the last quarter. State Street Corp increased its stake in shares of VICI Properties by 2.1% in the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock worth $1,970,935,000 after purchasing an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC raised its position in shares of VICI Properties by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after purchasing an additional 2,281,688 shares during the period. Allianz Asset Management GmbH raised its position in shares of VICI Properties by 7.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after purchasing an additional 1,755,385 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after buying an additional 2,326,747 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Evercore ISI reiterated an “in-line” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 22nd. Cantor Fitzgerald cut their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Stifel Nicolaus cut their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, The Goldman Sachs Group reduced their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Stock Performance

NYSE VICI opened at $28.28 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a 1-year low of $27.56 and a 1-year high of $34.03. The business has a 50 day simple moving average of $29.19 and a two-hundred day simple moving average of $31.46. The stock has a market capitalization of $30.22 billion, a PE ratio of 10.79, a P/E/G ratio of 2.80 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company earned $0.57 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. VICI Properties’s payout ratio is 68.70%.

VICI Properties 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.