The Manufacturers Life Insurance Company reduced its stake in VICI Properties Inc. (NYSE:VICI) by 4.9% during the fourth quarter, as disclosed in the company’s most recent filing with the Securities and Exchange Commission (SEC). The fund held 909,034 shares of VICI Properties stock after selling 46,507 shares during the period, with its stake valued at $26,553,000.
Other institutional investors have also adjusted their positions in VICI Properties. Transce3nd LLC established a new position worth $28,000, while Venturi Wealth Management LLC increased its holdings by 64.1%, now owning 1,103 shares valued at $32,000. Quarry LP boosted its position by 404.1%, holding 1,119 shares worth $33,000. Kestra Investment Management LLC and Whipplewood Advisors LLC also acquired new positions in VICI Properties, valued at approximately $33,000 and $40,000, respectively.
As of the latest SEC filing, institutional investors and hedge funds owned 97.71% of VICI Properties’ stock. The company’s shares opened at $31.51 on Friday, with a market capitalization of $33.29 billion. VICI Properties reported earnings per share (EPS) of $0.58 for the quarter, meeting analysts’ consensus estimates. The company also declared a quarterly dividend, with stockholders of record on March 20th receiving $0.4325 per share.
Analyst ratings for VICI Properties are generally positive, with three analysts rating the stock as ‘hold’ and nine assigning a ‘buy’ rating. The average price target among analysts is $35.07, indicating a ‘Moderate Buy’ consensus. Recent analyst reports have maintained or upgraded their ratings, with price targets ranging from $34.00 to $36.00.
