VICI Properties Inc. $VICI Shares Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its holdings in VICI Properties Inc. by 5.9%, now owning approximately 0.09% of the company valued at $31.39 million.
• VICI Properties reported earnings of $0.60 EPS which met analysts' expectations, with the company's revenue for the quarter up 4.6% year-over-year to $1 billion.
• The stock has an average target price of $35.55 with a "Moderate Buy" rating from analysts, indicating potential for growth in value.

The Manufacturers Life Insurance Company grew its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 962,338 shares of the company's stock after purchasing an additional 53,304 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.09% of VICI Properties worth $31,391,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Blackhawk Capital Partners LLC. raised its stake in VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after buying an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. acquired a new position in shares of VICI Properties during the fourth quarter valued at about $4,282,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of VICI Properties in the 1st quarter valued at approximately $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the 4th quarter worth approximately $2,773,000. Finally, Columbus Macro LLC boosted its stake in VICI Properties by 7.8% in the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after purchasing an additional 8,967 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VICI shares. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Scotiabank lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Stifel Nicolaus increased their price target on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.55.

VICI Properties Price Performance

NYSE VICI traded up $0.10 during mid-day trading on Friday, hitting $33.60. The stock had a trading volume of 5,765,850 shares, compared to its average volume of 6,924,421. The stock has a market capitalization of $35.82 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 3.34 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The firm's 50 day moving average is $33.12 and its 200 day moving average is $32.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. VICI Properties's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is currently 66.28%.

VICI Properties Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.