The Manufacturers Life Insurance Company Has $29.15 Million Holdings in VICI Properties Inc. $VICI

The Manufacturers Life Insurance Company grew its holdings in VICI Properties Inc. (NYSE:VICI) by 19.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,097,823 shares of the company’s stock after purchasing an additional 177,238 shares during the period. The Manufacturers Life Insurance Company’s holdings in VICI Properties were worth $29,147,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. State of Wyoming bought a new position in VICI Properties in the second quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties in the 2nd quarter valued at $28,000. Bayban acquired a new stake in VICI Properties in the 4th quarter valued at $25,000. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties during the 1st quarter worth about $25,000. Finally, BOKF NA bought a new stake in VICI Properties during the 3rd quarter worth about $30,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent research reports. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research note on Thursday, July 30th. Cantor Fitzgerald dropped their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Raymond James Financial set a $29.00 target price on VICI Properties in a report on Thursday, August 13th. Morgan Stanley reduced their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Weiss Ratings downgraded VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.46.

VICI Properties Stock Performance

NYSE VICI opened at $24.83 on Friday. The firm has a market capitalization of $27.34 billion, a P/E ratio of 9.62 and a beta of 0.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $26.21 and its two-hundred day moving average price is $27.47. VICI Properties Inc. has a 1 year low of $24.66 and a 1 year high of $33.31.

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

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 7.4%. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

About VICI Properties

VICI Properties, Inc (NYSE: VICI) is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI’s portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.