Pacer Advisors Inc. Sells 20,040 Shares of VICI Properties Inc. $VICI

Pacer Advisors Inc. decreased its stake in VICI Properties Inc. (NYSE:VICI) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 large investors have also recently modified their holdings of the stock. State of Wyoming bought a new stake in VICI Properties in the second quarter worth $26,000. Parvin Asset Management LLC purchased a new stake in shares of VICI Properties in the second quarter valued at $27,000. Hantz Financial Services Inc. lifted its holdings in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the 2nd quarter worth about $28,000. Finally, Hoey Investments Inc. bought a new position in VICI Properties during the 2nd quarter valued at about $33,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 22nd. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Stifel Nicolaus dropped their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Trading Up 0.5%

VICI opened at $28.28 on Tuesday. The stock’s fifty day moving average is $29.19 and its two-hundred day moving average is $31.46. The company has a market capitalization of $30.22 billion, a P/E ratio of 10.79, a PEG ratio of 2.80 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.56 and a 52 week high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

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

VICI Properties Dividend Announcement

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