The Manufacturers Life Insurance Company Buys Shares of 1,097,823 VICI Properties Inc. $VICI

The Manufacturers Life Insurance Company bought a new position in VICI Properties Inc. (NYSE:VICI) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,097,823 shares of the company’s stock, valued at approximately $29,147,000.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its position in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after purchasing an additional 734,068 shares in the last quarter. Wilsey Asset Management Inc. lifted its holdings in shares of VICI Properties by 6.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock valued at $30,092,000 after purchasing an additional 65,853 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of VICI Properties by 24.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after purchasing an additional 1,406,897 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of VICI Properties by 26.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock worth $14,884,000 after purchasing an additional 116,546 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of VICI Properties by 19.4% in the 1st quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock worth $7,161,000 after purchasing an additional 42,662 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

Shares of VICI opened at $25.77 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The company’s fifty day moving average price is $26.50 and its 200-day moving average price is $27.77. VICI Properties Inc. has a 1-year low of $25.75 and a 1-year high of $33.92. The firm has a market capitalization of $28.37 billion, a PE ratio of 9.99 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter 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. On average, equities research analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VICI. Raymond James Financial set a $29.00 target price on VICI Properties in a research report on Thursday, August 13th. Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Barclays dropped their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Cantor Fitzgerald cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Wells Fargo & Company decreased their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties has a consensus rating of “Hold” and an average target price of $31.29.

VICI Properties 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.