Northwestern Mutual Wealth Management Co. Sells 23,517 Shares of VICI Properties Inc. $VICI

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 22.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,341 shares of the company’s stock after selling 23,517 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VICI Properties were worth $2,133,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock valued at $284,060,000 after purchasing an additional 349,262 shares in the last quarter. Bank of America Corp DE grew its position 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 worth $763,553,000 after buying an additional 734,068 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of VICI Properties in the second quarter valued at about $4,858,000. Wilsey Asset Management Inc. lifted its stake in VICI Properties by 6.4% in the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after acquiring an additional 65,853 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in VICI Properties by 24.9% in 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 during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 1.0%

NYSE:VICI opened at $25.39 on Friday. The company’s 50-day simple moving average is $26.39 and its 200-day simple moving average is $27.64. 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 $25.34 and a fifty-two week high of $33.82. The stock has a market capitalization of $27.96 billion, a P/E ratio of 9.84 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its quarterly earnings results 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). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a dividend of $0.46 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 7.2%. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VICI. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research report on Friday, July 31st. Wells Fargo & Company dropped their price objective on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Cantor Fitzgerald reduced their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Finally, Mizuho dropped their target price on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

About VICI Properties

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.