The Manufacturers Life Insurance Company Buys 177,238 Shares of VICI Properties Inc. $VICI

Key Points

• The Manufacturers Life Insurance Company increased its VICI Properties stake by 19.3%, purchasing 177,238 additional shares to hold 1.10 million shares valued at approximately $29.1 million. Institutional investors collectively own 97.71% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $30.46. VICI shares opened at $24.83, near their 12-month low of $24.66.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year, but missed EPS expectations. The company raised its quarterly dividend to $0.46 per share, equivalent to a 7.4% annualized yield.

The Manufacturers Life Insurance Company lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 19.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097,823 shares of the company's stock after acquiring an additional 177,238 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of VICI Properties worth $29,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayban acquired a new stake in VICI Properties in the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC acquired a new position in shares of VICI Properties in the 1st quarter valued at $25,000. State of Wyoming acquired a new position in shares of VICI Properties in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new stake in shares of VICI Properties in the 4th quarter valued at $28,000. Finally, Headlands Technologies LLC bought a new stake in shares of VICI Properties in the 2nd quarter valued at $28,000. Institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 target price on the stock. Raymond James Financial set a $29.00 price target on VICI Properties in a research report on Thursday, August 13th. Mizuho cut their price objective on VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, September 2nd. Robert W. Baird set a $32.00 price objective on VICI Properties in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.46.

VICI Properties Trading Up 0.4%

VICI opened at $24.83 on Friday. The stock has a market capitalization of $27.34 billion, a P/E ratio of 9.62 and a beta of 0.65. VICI Properties Inc. has a 12 month low of $24.66 and a 12 month high of $33.31. The firm's fifty day simple moving average is $26.21 and its 200 day simple moving average is $27.47. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last 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. As a group, research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.46 per share. This is an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties's payout ratio is currently 69.77%.

VICI Properties Profile

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.

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