VICI Properties (NYSE:VICI) Hits New 1-Year Low - Should You Sell?

Key Points

• VICI Properties shares fell to a new 52-week low of $25.76, below both their 50-day and 200-day moving averages.
• Analysts maintain a mixed outlook, with a consensus “Hold” rating and an average price target of $31.29, implying potential upside from the current price.
• The REIT reported quarterly EPS of $0.62, missing estimates, while revenue rose 5.7% year over year. VICI continues to offer a 7.0% annualized dividend yield based on its $0.45 quarterly payout.

VICI Properties Inc. (NYSE:VICI - Get Free Report) shares hit a new 52-week low on Thursday . The stock 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 Analysts Forecast Growth

VICI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Cantor Fitzgerald decreased their target price on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Barclays lowered their target price on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target for the company. Finally, Raymond James Financial set a $29.00 price objective on VICI Properties in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, VICI Properties has a consensus rating of "Hold" and a consensus target price of $31.29.

VICI Properties Price Performance

The firm has a market capitalization of $28.44 billion, a PE ratio of 10.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The business's 50 day moving average is $26.51 and its two-hundred day moving average is $27.80.

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

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's dividend payout ratio is currently 69.77%.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL increased its holdings in VICI Properties by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company's stock valued at $1,301,000 after buying an additional 384 shares in the last quarter. Corrado Advisors LLC boosted its stake in shares of VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company's stock worth $1,374,000 after acquiring an additional 393 shares in the last quarter. Beacon Investment Advisors LLC boosted its stake in shares of VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company's stock worth $393,000 after acquiring an additional 455 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of VICI Properties by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company's stock worth $244,000 after acquiring an additional 483 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its position in shares of VICI Properties by 54.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company's stock valued at $37,000 after acquiring an additional 483 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

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