80,341 Shares in VICI Properties Inc. $VICI Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 80,341 shares of the company’s stock, valued at approximately $2,133,000.

A number of other hedge funds have also recently made changes to their positions in VICI. Gamco Investors INC. ET AL raised its position in VICI Properties by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock worth $1,301,000 after purchasing an additional 384 shares during the period. Corrado Advisors LLC boosted its holdings in VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock valued at $1,374,000 after acquiring an additional 393 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of VICI Properties by 2.9% in the fourth quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after purchasing an additional 434 shares during the last quarter. Beacon Investment Advisors LLC grew its holdings in VICI Properties by 3.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after acquiring an additional 455 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in VICI Properties by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after purchasing an additional 483 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on VICI. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Scotiabank dropped their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Morgan Stanley cut their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company decreased their target price on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.29.

VICI Properties Stock Up 0.9%

VICI Properties stock opened at $26.76 on Tuesday. VICI Properties Inc. has a 12 month low of $25.81 and a 12 month high of $33.92. The stock has a fifty day simple moving average of $26.57 and a two-hundred day simple moving average of $27.83. 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 has a market cap of $29.46 billion, a price-to-earnings ratio of 10.37 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly 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 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 previous year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts predict that VICI Properties Inc. will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.7%. VICI Properties’s dividend payout ratio is currently 69.77%.

VICI Properties Company 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.