Pacer Advisors Inc. Purchases 100,012 Shares of VICI Properties Inc. (NYSE:VICI)

Pacer Advisors Inc. increased its position in VICI Properties Inc. (NYSE:VICI) by 128.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,689 shares of the company’s stock after buying an additional 100,012 shares during the period. Pacer Advisors Inc.’s holdings in VICI Properties were worth $5,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp boosted its position in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after buying an additional 770,195 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $693,000. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays began coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price target on the stock. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday. Finally, Mizuho dropped their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Trading Up 0.5 %

VICI stock opened at $29.80 on Friday. The company has a market capitalization of $31.41 billion, a PE ratio of 11.04, a P/E/G ratio of 3.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm’s 50-day moving average is $30.13 and its 200 day moving average is $31.49.

VICI Properties Dividend Announcement

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