Northwestern Mutual Wealth Management Co. Buys 28,454 Shares of VICI Properties Inc. $VICI

Northwestern Mutual Wealth Management Co. increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 103.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,905 shares of the company’s stock after buying an additional 28,454 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VICI Properties were worth $1,823,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VICI. Hantz Financial Services Inc. grew its position in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares during the period. Hoey Investments Inc. bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $33,000. Elevation Point Wealth Partners LLC purchased a new position in VICI Properties in the second quarter valued at approximately $38,000. Bell Investment Advisors Inc lifted its stake in VICI Properties by 32.7% in the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 351 shares during the last quarter. Finally, Kestra Investment Management LLC grew its holdings in VICI Properties by 55.5% during the first quarter. Kestra Investment Management LLC now owns 1,776 shares of the company’s stock valued at $58,000 after purchasing an additional 634 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. Mizuho raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. increased their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Barclays decreased their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Monday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.71.

VICI Properties Stock Performance

Shares of VICI opened at $27.71 on Friday. VICI Properties Inc. has a 52-week low of $27.67 and a 52-week high of $34.03. The stock’s 50-day simple moving average is $30.35 and its 200 day simple moving average is $31.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The stock has a market capitalization of $29.62 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.79 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Wednesday, December 17th. VICI Properties’s dividend payout ratio is 68.70%.

VICI Properties Company 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.