MassMutual Private Wealth & Trust FSB Grows Holdings in VICI Properties Inc. $VICI

MassMutual Private Wealth & Trust FSB grew its holdings in VICI Properties Inc. (NYSE:VICI) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,167 shares of the company’s stock after purchasing an additional 636 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in VICI Properties were worth $136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Price T Rowe Associates Inc. MD boosted its position in VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after buying an additional 11,458,239 shares during the period. Nuveen LLC bought a new stake in shares of VICI Properties in the first quarter worth approximately $320,179,000. Deutsche Bank AG boosted its holdings in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after buying an additional 4,680,136 shares during the last quarter. American Century Companies Inc. raised its position in shares of VICI Properties by 81.6% during the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock valued at $269,197,000 after buying an additional 3,707,396 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company’s stock worth $98,982,000 after purchasing an additional 3,255,078 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VICI. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Scotiabank raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Wells Fargo & Company boosted 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. Finally, JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $35.92.

VICI Properties Trading Down 0.8%

Shares of VICI stock opened at $31.85 on Friday. The firm has a 50 day moving average price of $33.08 and a two-hundred day moving average price of $32.37. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $33.96 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.21 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 68.97%.

VICI Properties 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.