Mackenzie Financial Corp Cuts Stock Position in VICI Properties Inc. $VICI

Mackenzie Financial Corp trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,252,866 shares of the company’s stock after selling 263,372 shares during the quarter. Mackenzie Financial Corp owned approximately 0.31% of VICI Properties worth $106,043,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VICI. Skandinaviska Enskilda Banken AB publ raised its position in VICI Properties by 7.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 790,649 shares of the company’s stock worth $25,775,000 after acquiring an additional 57,211 shares during the period. Virtus Investment Advisers LLC increased its stake in shares of VICI Properties by 828.1% during the second quarter. Virtus Investment Advisers LLC now owns 48,327 shares of the company’s stock worth $1,575,000 after purchasing an additional 43,120 shares in the last quarter. Norges Bank acquired a new position in shares of VICI Properties during the 2nd quarter worth about $486,945,000. Northwestern Mutual Wealth Management Co. raised its position in shares of VICI Properties by 103.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 55,905 shares of the company’s stock worth $1,823,000 after purchasing an additional 28,454 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in VICI Properties by 121.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 797,758 shares of the company’s stock valued at $26,007,000 after buying an additional 436,718 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI opened at $28.99 on Friday. The stock’s fifty day moving average is $30.72 and its two-hundred day moving average is $32.00. The firm has a market capitalization of $30.98 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s payout ratio is presently 68.70%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VICI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, November 19th. Stifel Nicolaus lowered their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Mizuho increased their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. raised their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Finally, Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $35.29.

About VICI Properties

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.