Mackenzie Financial Corp Grows Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• Mackenzie Financial Corp increased its ownership in VICI Properties Inc. by 3.8%, now holding approximately 3.5 million shares valued at $114.7 million.
• Recent analyst reports suggest a positive outlook for VICI Properties, with price targets raised by firms like Truist Financial and Robert W. Baird, indicating a consensus rating of "Moderate Buy."
• VICI Properties has announced a quarterly dividend of $0.4325 per share, which translates to an annual yield of 5.26% and showcases a dividend payout ratio of 69.20%.

Mackenzie Financial Corp grew its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,516,238 shares of the company's stock after acquiring an additional 127,619 shares during the period. Mackenzie Financial Corp owned about 0.33% of VICI Properties worth $114,700,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. Transce3nd LLC acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $28,000. Wayfinding Financial LLC acquired a new position in shares of VICI Properties in the first quarter valued at approximately $29,000. CoreCap Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,000 shares in the last quarter. Quarry LP grew its holdings in shares of 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 purchasing an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of 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 purchasing an additional 786 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VICI. Robert W. Baird lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Truist Financial boosted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.40.

VICI Properties Stock Up 1.6%

Shares of NYSE:VICI traded up $0.52 during trading on Friday, hitting $33.12. 4,177,854 shares of the company were exchanged, compared to its average volume of 6,761,417. The stock has a market capitalization of $35.00 billion, a P/E ratio of 12.70, a PEG ratio of 4.17 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The firm's 50 day moving average price is $32.54 and its 200-day moving average price is $31.70.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.27%. The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Wednesday, June 18th. VICI Properties's payout ratio is currently 66.28%.

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.