VICI Properties (NYSE:VICI) Hits New 52-Week Low – Here’s Why

VICI Properties Inc. (NYSE:VICIGet Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $25.76 and last traded at $25.8010, with a volume of 701992 shares changing hands. The stock had previously closed at $26.00.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VICI. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Cantor Fitzgerald reduced their target price 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. Morgan Stanley decreased their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Raymond James Financial set a $29.00 price target on VICI Properties in a research note on Thursday, August 13th. Finally, Wells Fargo & Company reduced their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.29.

Check Out Our Latest Research Report on VICI

VICI Properties Stock Up 0.5%

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The business’s fifty day moving average price is $26.49 and its 200 day moving average price is $27.76. The company has a market capitalization of $28.52 billion, a P/E ratio of 10.04 and a beta of 0.65.

VICI Properties (NYSE:VICIGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

Institutional Trading of VICI Properties

A number of large investors have recently bought and sold shares of VICI. State of Wyoming bought a new position in shares of VICI Properties during the second quarter valued at $26,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties in the 2nd quarter worth about $28,000. Bayban bought a new stake in shares of VICI Properties in the 4th quarter worth about $25,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $25,000. Finally, BOKF NA acquired a new stake in shares of VICI Properties during the 3rd quarter worth about $30,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Company Profile

(Get Free Report)

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.

Further Reading

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