Massachusetts Financial Services Co. MA Boosts Stock Holdings in VICI Properties Inc. $VICI

Massachusetts Financial Services Co. MA boosted its position in VICI Properties Inc. (NYSE:VICI) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,486,509 shares of the company’s stock after buying an additional 309,468 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in VICI Properties were worth $211,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VICI. Hantz Financial Services Inc. raised its stake in VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares during the period. Hoey Investments Inc. purchased a new position in shares of VICI Properties in the second quarter worth about $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties in the first quarter valued at approximately $35,000. Investment Management Corp VA ADV lifted its stake in shares of VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after buying an additional 709 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its stake in shares of VICI Properties by 55.5% during the 1st quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after buying an additional 634 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Cantor Fitzgerald cut their price target on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Barclays increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

VICI Properties Price Performance

NYSE:VICI opened at $30.37 on Monday. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.03. The stock has a fifty day moving average of $31.47 and a 200 day moving average of $32.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The firm has a market capitalization of $32.46 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 3.02 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for 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 company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is currently 68.70%.

VICI Properties Company 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.