Pathway Financial Advisers LLC significantly increased its stake in VICI Properties Inc. during the first quarter, reflecting a notable shift in institutional investment trends within the real estate sector. This acquisition underscores the growing confidence among financial firms in VICI Properties’ long-term value and market position.
Holdings Channel.com reported that Pathway Financial Advisers LLC expanded its ownership in VICI Properties Inc. by 3.8% in the initial quarter. The firm’s portfolio now includes 99,167 shares, a result of acquiring an additional 3,633 shares. As of its latest SEC filing, these holdings in VICI Properties were valued at an impressive $3,235,000.
This trend of increased investment is not isolated to Pathway Financial Advisers. Capital Research Global Investors, for example, boosted its VICI Properties holdings by 1.8% in the fourth quarter, accumulating over 54.5 million shares worth more than $1.59 billion. Similarly, Capital World Investors expanded its position by 11.4% in the same period, now owning over 28.3 million shares valued at $827 million.
Further demonstrating this institutional interest, Invesco Ltd. increased its stake by 5.4%, acquiring an additional 692,092 shares. Northern Trust Corp showed an even more substantial increase, raising its holdings by 37.3%. Envestnet Asset Management Inc. also lifted its stake by 9.9% in the first quarter, reaching nearly 9 million shares valued at $292.75 million. These collective movements highlight the broad institutional confidence in VICI Properties.
VICI Properties Inc. shares opened at $33.10, showcasing a robust market presence. The company boasts a significant market capitalization of $34.98 billion, a P/E ratio of 12.68, and a compelling price-to-earnings-growth ratio of 4.22. Its financial health is further supported by a current ratio of 1.74 and a debt-to-equity ratio of 0.62, indicating strong liquidity and manageable leverage.
The company recently declared a quarterly dividend of $0.4325, paid on July 10th. This translates to an annualized dividend of $1.73 and a yield of 5.2%, reinforcing its appeal to income-focused investors. VICI Properties maintains a payout ratio of 66.28%, suggesting a sustainable dividend policy.
VICI Properties has garnered considerable attention from research analysts. Firms like Robert W. Baird, Morgan Stanley, Citigroup, Truist Financial, and Stifel Nicolaus have all issued reports, with a consensus “Moderate Buy” rating and an average target price of $35.40. Nine analysts recommend a “buy,” while three suggest a “hold,” signaling a generally positive outlook.
VICI Properties Inc. is an S&P 500 experiential real estate investment trust (REIT) renowned for owning one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. Its prestigious assets include iconic Las Vegas Strip properties such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, solidifying its position as a key player in the experiential real estate market.
The consistent acquisition of shares by financial advisors and institutional investors, combined with favorable analyst ratings and strong financial fundamentals, positions VICI Properties Inc. as a compelling investment. These developments suggest a positive trajectory for the company in the dynamic real estate sector, attracting continued investor interest.
