Massachusetts Financial Services Co. MA Purchases 26,990 Shares of VICI Properties Inc. (NYSE:VICI)

Massachusetts Financial Services Co. MA boosted its position in VICI Properties Inc. (NYSE:VICI) by 0.4% during the 3rd quarter, Holdings Channel reports. The fund owned 6,209,783 shares of the company’s stock after buying an additional 26,990 shares during the period. Massachusetts Financial Services Co. MA’s holdings in VICI Properties were worth $206,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new position in shares of VICI Properties during the third quarter worth approximately $3,990,000. Landscape Capital Management L.L.C. bought a new position in shares of VICI Properties in the third quarter valued at $1,561,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of VICI Properties by 2.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 511,285 shares of the company’s stock valued at $17,031,000 after buying an additional 14,148 shares in the last quarter. Commerce Bank increased its position in shares of VICI Properties by 12.7% during the third quarter. Commerce Bank now owns 14,232 shares of the company’s stock worth $474,000 after acquiring an additional 1,608 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of VICI Properties by 10.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 94,328 shares of the company’s stock worth $3,142,000 after acquiring an additional 8,748 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.4 %

NYSE VICI opened at $32.23 on Friday. The business’s fifty day moving average is $32.45 and its 200-day moving average is $30.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.98 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 4.29 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.37%. VICI Properties’s payout ratio is currently 64.07%.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent research reports. Mizuho decreased their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI increased their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

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.