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

Northwestern Mutual Wealth Management Co. trimmed its position in VICI Properties Inc. (NYSE:VICI) by 22.6% during the 2nd quarter, according to its most recent disclosure 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 hedge funds also recently made changes to their positions in VICI. NewEdge Advisors LLC raised its holdings in shares of VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after acquiring an additional 25,234 shares in the last quarter. Woodline Partners LP grew its holdings in shares of VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after purchasing an additional 26,017 shares in the last quarter. Jump Financial LLC increased its position in VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after purchasing an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina increased its position in VICI Properties by 96.0% in the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after purchasing an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in VICI Properties by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after purchasing an additional 2,775 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the subject of several research reports. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research report on Thursday, July 30th. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a report on Thursday, August 13th. Cantor Fitzgerald lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Scotiabank dropped their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.00.

VICI Properties Stock Down 1.0%

NYSE VICI opened at $25.39 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 52 week low of $25.34 and a 52 week high of $33.82. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 9.84 and a beta of 0.65. The company has a fifty day moving average of $26.39 and a two-hundred day moving average of $27.64.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue 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. On average, analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.2%. VICI Properties’s payout ratio is 69.77%.

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.