Pacer Advisors Inc. Acquires 114,943 Shares of VICI Properties Inc. (NYSE:VICI)

Pacer Advisors Inc. boosted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 180.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,668 shares of the company's stock after buying an additional 114,943 shares during the quarter. Pacer Advisors Inc.'s holdings in VICI Properties were worth $5,696,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC increased its position in VICI Properties by 11.6% during the 4th quarter. Penserra Capital Management LLC now owns 3,300 shares of the company's stock valued at $105,000 after purchasing an additional 344 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of VICI Properties by 3.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,106 shares of the company's stock worth $327,000 after buying an additional 346 shares during the period. Eqis Capital Management Inc. grew its position in shares of VICI Properties by 3.2% during the 4th quarter. Eqis Capital Management Inc. now owns 12,319 shares of the company's stock worth $399,000 after buying an additional 386 shares during the period. Avantax Advisory Services Inc. grew its position in shares of VICI Properties by 5.2% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company's stock worth $229,000 after buying an additional 387 shares during the period. Finally, Redmont Wealth Advisors LLC grew its position in shares of VICI Properties by 2.1% during the 3rd quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company's stock worth $542,000 after buying an additional 391 shares during the period. Institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. KeyCorp reduced their price objective on shares of VICI Properties from $36.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, December 13th. Wedbush reaffirmed a "neutral" rating and set a $30.00 price objective on shares of VICI Properties in a research report on Thursday, December 14th. Mizuho reduced their price objective on shares of VICI Properties from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. The Goldman Sachs Group initiated coverage on shares of VICI Properties in a research report on Friday, December 8th. They issued a "buy" rating and a $36.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of the company's stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company's stock.

VICI Properties Stock Up 0.1 %

NYSE:VICI traded up $0.04 during trading hours on Friday, hitting $29.79. 7,192,055 shares of the company traded hands, compared to its average volume of 6,720,099. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm's 50-day simple moving average is $29.63 and its 200-day simple moving average is $29.77. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. The company has a market cap of $31.08 billion, a PE ratio of 12.01, a PEG ratio of 6.55 and a beta of 0.90.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 66.94%.

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.