Pacer Advisors Inc. Grows Stock Holdings in VICI Properties Inc. $VICI

Pacer Advisors Inc. raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 31.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 143,586 shares of the company’s stock after buying an additional 33,984 shares during the period. Pacer Advisors Inc.’s holdings in VICI Properties were worth $4,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of VICI Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after buying an additional 1,705,855 shares during the period. State Street Corp boosted its position in shares of VICI Properties by 4.8% during the third quarter. State Street Corp now owns 62,538,927 shares of the company’s stock worth $2,065,862,000 after buying an additional 2,844,265 shares during the period. Allianz Asset Management GmbH boosted its holdings in VICI Properties by 11.7% in the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after purchasing an additional 2,937,039 shares during the period. Bank of America Corp DE boosted its holdings in VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in VICI Properties by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 23,409,381 shares of the company’s stock valued at $763,380,000 after purchasing an additional 1,598,238 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Robert W. Baird decreased their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Finally, Mizuho reiterated a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.38.

VICI Properties Trading Down 1.2%

NYSE:VICI opened at $28.22 on Thursday. The firm has a market cap of $30.16 billion, a PE ratio of 9.66 and a beta of 0.67. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $28.31 and a 200 day moving average price of $28.70. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month high of $34.01.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.VICI Properties’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s payout ratio is 61.64%.

About VICI Properties

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.