MassMutual Private Wealth & Trust FSB Purchases 887 Shares of VICI Properties Inc. (NYSE:VICI)

MassMutual Private Wealth & Trust FSB raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 33.5% in the first quarter, Holdings Channel reports. The fund owned 3,531 shares of the company’s stock after buying an additional 887 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in VICI Properties were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Transce3nd LLC bought a new stake in VICI Properties during the fourth quarter valued at about $28,000. CoreCap Advisors LLC boosted its holdings in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Venturi Wealth Management LLC boosted its holdings in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at about $33,000. Finally, Quarry LP lifted its stake 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 buying an additional 897 shares during the period. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $31.72 on Monday. The firm has a market cap of $33.52 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 3.88 and a beta of 0.74. The company has a 50 day moving average of $31.64 and a 200-day moving average of $31.06. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. During the same period in the prior year, the firm earned $0.56 earnings per share. VICI Properties’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.45%. VICI Properties’s dividend payout ratio (DPR) is currently 69.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VICI shares. Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Mizuho increased their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Truist Financial raised their price objective 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.18.

VICI Properties Company 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.