Northwestern Mutual Wealth Management Co. bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 80,341 shares of the company's stock, valued at approximately $2,133,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. Bank of America Corp DE lifted its stake in shares of VICI Properties by 2.7% during the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock valued at $763,553,000 after buying an additional 734,068 shares in the last quarter. Wilsey Asset Management Inc. raised its holdings in 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 acquiring an additional 65,853 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of VICI Properties by 24.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company's stock worth $198,619,000 after acquiring an additional 1,406,897 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of VICI Properties by 19.4% during the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company's stock worth $7,161,000 after acquiring an additional 42,662 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of VICI Properties by 26.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company's stock worth $14,884,000 after acquiring an additional 116,546 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.
VICI Properties Trading Up 0.9%
VICI Properties stock opened at $26.76 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92. The stock has a market cap of $29.46 billion, a P/E ratio of 10.37 and a beta of 0.65. The firm's fifty day moving average price is $26.57 and its 200-day moving average price is $27.83.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.60 EPS. VICI Properties's quarterly 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. Equities research analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders 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 annualized dividend and a dividend yield of 6.7%. VICI Properties's dividend payout ratio (DPR) is presently 69.77%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on VICI shares. Raymond James Financial set a $29.00 price target on VICI Properties in a research report on Thursday, August 13th. Cantor Fitzgerald reduced their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, August 10th. Royal Bank Of Canada initiated coverage on VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target on the stock. Barclays lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.29.
Get Our Latest Stock Report on VICI
About VICI Properties
(
Free Report)
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.
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