Massachusetts Financial Services Co. MA Sells 81,044 Shares of VICI Properties Inc. $VICI

Massachusetts Financial Services Co. MA lessened its position in VICI Properties Inc. (NYSE:VICI) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 6,405,465 shares of the company’s stock after selling 81,044 shares during the period. Massachusetts Financial Services Co. MA’s holdings in VICI Properties were worth $208,882,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Maryland State Retirement & Pension System increased its position in shares of VICI Properties by 3.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 53,064 shares of the company’s stock valued at $1,730,000 after purchasing an additional 1,734 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in VICI Properties by 1.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,454,150 shares of the company’s stock worth $47,420,000 after buying an additional 19,205 shares in the last quarter. Csenge Advisory Group bought a new position in VICI Properties during the third quarter valued at approximately $2,399,000. Campbell & CO Investment Adviser LLC raised its stake in shares of VICI Properties by 46.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 20,912 shares of the company’s stock worth $682,000 after acquiring an additional 6,611 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of VICI Properties by 10.6% during the third quarter. Versant Capital Management Inc now owns 8,383 shares of the company’s stock worth $273,000 after acquiring an additional 806 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VICI shares. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research note on Monday, January 5th. Barclays lowered their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Mizuho decreased their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Trading Up 2.0%

VICI opened at $28.98 on Tuesday. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The business has a 50 day simple moving average of $28.49 and a two-hundred day simple moving average of $31.00. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 2.88 and a beta of 0.70.

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

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 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.