Mackenzie Financial Corp Has $3.84 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Mackenzie Financial Corp grew its position in VICI Properties Inc. (NYSE:VICI) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 134,167 shares of the company’s stock after buying an additional 4,539 shares during the period. Mackenzie Financial Corp’s holdings in VICI Properties were worth $3,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in VICI Properties by 671.3% in the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after purchasing an additional 627,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after buying an additional 246,983 shares during the period. Bayesian Capital Management LP raised its stake in shares of VICI Properties by 36.5% during the fourth quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock worth $5,900,000 after buying an additional 49,500 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in VICI Properties by 12.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 417,719 shares of the company’s stock valued at $13,317,000 after buying an additional 46,062 shares during the period. Finally, Norden Group LLC bought a new position in VICI Properties in the first quarter valued at approximately $1,033,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Stock Down 1.6 %

VICI stock opened at $32.77 on Wednesday. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The business has a 50-day moving average of $32.45 and a 200-day moving average of $30.09. The stock has a market capitalization of $34.19 billion, a P/E ratio of 12.95, a P/E/G ratio of 5.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.28%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 18th. VICI Properties’s dividend payout ratio is currently 68.38%.

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.