VICI Properties Inc. (NYSE:VICI) Stake Decreased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in VICI Properties Inc. by 47.0%, selling 83,470 shares and retaining 94,219 shares valued at $3,073,000 according to its recent 13F filing.
• VICI Properties recently reported quarterly earnings of $0.58 per share, matching analyst expectations, with a revenue of $984.20 million reflecting a 3.4% increase from the previous year.
• Several analysts have upgraded their price targets for VICI Properties, with a consensus rating of "Moderate Buy" and an average target price of $35.38.

Pacer Advisors Inc. cut its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 47.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,219 shares of the company's stock after selling 83,470 shares during the quarter. Pacer Advisors Inc.'s holdings in VICI Properties were worth $3,073,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of VICI Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after acquiring an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after acquiring an additional 3,255,078 shares in the last quarter. Capital World Investors boosted its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after acquiring an additional 2,903,744 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of VICI Properties during the 1st quarter worth approximately $65,750,000. Finally, Man Group plc boosted its stake in shares of VICI Properties by 65.0% during the 4th quarter. Man Group plc now owns 4,353,981 shares of the company's stock worth $127,180,000 after acquiring an additional 1,715,194 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 1.6%

NYSE:VICI traded up $0.54 during mid-day trading on Friday, reaching $33.14. The stock had a trading volume of 3,896,869 shares, compared to its average volume of 6,759,226. The company has a market capitalization of $35.01 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 4.17 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The stock's 50 day simple moving average is $32.54 and its two-hundred day simple moving average is $31.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.27% and a net margin of 70.20%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period last year, the firm earned $0.57 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Truist Financial increased their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. JMP Securities set a $35.00 price target on VICI Properties in a report on Tuesday, July 22nd. Finally, Robert W. Baird increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.40.

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.