VICI Properties (NYSE:VICI) Reaches New 1-Year Low – Time to Sell?

VICI Properties Inc. (NYSE:VICI – Get Free Report)’s stock price reached a new 52-week low on Tuesday. The company traded as low as $23.14 and last traded at $23.1750, with a volume of 10681089 shares changing hands. The stock had previously closed at $23.51.

More VICI Properties News

Here are the key news stories impacting VICI Properties this week:

Analyst Ratings Changes

A number of brokerages recently issued reports on VICI. Evercore set a $30.00 target price on shares of VICI Properties in a research report on Monday, September 21st. Barclays reduced their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Morgan Stanley decreased their price objective on VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 15th. Mizuho reduced their target price on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada initiated coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.93.

Get Our Latest Research Report on VICI Properties

VICI Properties Stock Down 1.0%

The stock has a market cap of $25.30 billion, a price-to-earnings ratio of 8.91 and a beta of 0.65. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $25.52 and a two-hundred day moving average of $26.92.

VICI Properties (NYSE:VICI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, analysts predict that VICI Properties Inc. will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 8.0%. VICI Properties’s payout ratio is 71.32%.

Institutional Investors Weigh In On VICI Properties

Several institutional investors have recently bought and sold shares of VICI. Bayban purchased a new position in shares of VICI Properties in the 4th quarter valued at $25,000. Dynamic Wealth Strategies LLC acquired a new stake in VICI Properties in the 1st quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new stake in VICI Properties in the 4th quarter valued at $28,000. Reflection Asset Management purchased a new position in VICI Properties in the fourth quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in VICI Properties in the fourth quarter valued at about $33,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Company Profile

(Get Free Report)

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.

Further Reading

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