Massachusetts Financial Services Co. MA Decreases Stock Position in VICI Properties Inc. $VICI

Massachusetts Financial Services Co. MA cut its position in VICI Properties Inc. (NYSE:VICI) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,405,465 shares of the company’s stock after selling 81,044 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.60% of VICI Properties worth $208,882,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State of Wyoming purchased a new stake in VICI Properties in the 2nd quarter worth about $26,000. Parvin Asset Management LLC purchased a new position in shares of VICI Properties in the second quarter worth about $27,000. Hantz Financial Services Inc. raised its position in shares of VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares during the period. Headlands Technologies LLC purchased a new stake in shares of VICI Properties during the 2nd quarter valued at approximately $28,000. Finally, Godsey & Gibb Inc. bought a new position in VICI Properties in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VICI shares. The Goldman Sachs Group lowered their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Mizuho reduced their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Stifel Nicolaus decreased their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Barclays cut their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Trading Up 2.0%

Shares of VICI stock opened at $28.98 on Tuesday. The company has a market capitalization of $30.97 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The business’s fifty day moving average is $28.49 and its 200 day moving average is $31.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during 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 firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced 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 (DPR) is currently 68.70%.

VICI Properties Company 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.