The Manufacturers Life Insurance Company Makes New Investment in VICI Properties Inc. $VICI

The Manufacturers Life Insurance Company bought a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,097,823 shares of the company’s stock, valued at approximately $29,147,000. The Manufacturers Life Insurance Company owned about 0.10% of VICI Properties at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State of Wyoming purchased a new position in VICI Properties in the 2nd quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in VICI Properties in the 2nd quarter valued at about $28,000. Bayban bought a new position in VICI Properties in the 4th quarter worth about $25,000. Dynamic Wealth Strategies LLC bought a new position in VICI Properties in the 1st quarter worth about $25,000. Finally, BOKF NA purchased a new position in shares of VICI Properties during the third quarter worth approximately $30,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday, August 13th. Scotiabank decreased their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Finally, Robert W. Baird set a $32.00 target price on VICI Properties in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and an average price target of $31.29.

VICI Properties Trading Down 0.9%

NYSE VICI opened at $25.77 on Friday. VICI Properties Inc. has a one year low of $25.75 and a one year high of $33.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $28.37 billion, a price-to-earnings ratio of 9.99 and a beta of 0.65. The company’s 50-day simple moving average is $26.50 and its two-hundred day simple moving average is $27.77.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $0.60 EPS. VICI Properties’s revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 7.0%. VICI Properties’s dividend payout ratio is currently 69.77%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.