Massachusetts Financial Services Co. MA Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Massachusetts Financial Services Co. MA reduced its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,177,041 shares of the company's stock after selling 13,715 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.58% of VICI Properties worth $201,495,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VICI. Wayfinding Financial LLC purchased a new position in VICI Properties in the first quarter valued at $29,000. Transce3nd LLC purchased a new position in VICI Properties in the fourth quarter valued at $28,000. AdvisorNet Financial Inc increased its holdings in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares during the last quarter. CoreCap Advisors LLC increased its holdings in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Finally, Quarry LP increased its holdings in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after buying an additional 897 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.05 during mid-day trading on Friday, hitting $32.89. 6,091,798 shares of the stock were exchanged, compared to its average volume of 5,890,382. The stock's fifty day simple moving average is $32.28 and its two-hundred day simple moving average is $31.45. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 4.22 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. On average, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Mizuho increased their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Morgan Stanley increased their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Stifel Nicolaus increased their target price on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Truist Financial increased their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.38.

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.