Pacer Advisors Inc. Sells 51,249 Shares of VICI Properties Inc. $VICI

Key Points

• Pacer Advisors reduced its VICI Properties stake by 35.7% in the first quarter, selling 51,249 shares and retaining 92,337 shares valued at approximately $2.52 million.
• VICI shares opened at $26.72, near the lower end of their 52-week range, while institutional investors collectively own 97.71% of the company.
• VICI declared a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 payout and a 6.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $31.54.

Pacer Advisors Inc. lessened its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 35.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 92,337 shares of the company's stock after selling 51,249 shares during the period. Pacer Advisors Inc.'s holdings in VICI Properties were worth $2,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayban bought a new position in VICI Properties in the fourth quarter worth approximately $25,000. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties during the 1st quarter valued at $25,000. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new position in shares of VICI Properties in the 4th quarter worth $28,000. Finally, Headlands Technologies LLC bought a new position in shares of VICI Properties in the 2nd quarter worth $28,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

Shares of VICI opened at $26.72 on Friday. The firm has a market capitalization of $29.42 billion, a PE ratio of 10.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $33.92. The company's fifty day moving average price is $26.91 and its 200-day moving average price is $27.99.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. VICI Properties's payout ratio is currently 69.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VICI shares. Wells Fargo & Company decreased their price objective on VICI Properties from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a report on Wednesday, June 24th. Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada began coverage on shares of 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. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $31.54.

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.

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