VICI Properties (NYSE:VICI) Hits New 52-Week Low - Here's What Happened

Key Points

• VICI Properties fell to a new 52-week low of $25.31, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $31.
• The company’s latest quarter included adjusted earnings of $0.62 per share, missing estimates of $0.71, although revenue rose 5.7% year over year to $1.06 billion.
• VICI increased its quarterly dividend to $0.46 per share, representing an annualized payout of $1.84 and a 7.2% yield; institutional investors own 97.71% of the stock.

VICI Properties Inc. (NYSE:VICI - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $25.31 and last traded at $25.3850, with a volume of 785894 shares trading hands. The stock had previously closed at $25.42.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Scotiabank lowered their target price on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Thursday, June 18th. Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target on the stock. Cantor Fitzgerald decreased their price target on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Finally, Raymond James Financial set a $29.00 price objective on VICI Properties in a research report on Thursday, August 13th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of "Hold" and a consensus price target of $31.00.

VICI Properties Stock Performance

The business has a fifty day moving average of $26.35 and a 200-day moving average of $27.59. The company has a market cap of $28.07 billion, a PE ratio of 9.87 and a beta of 0.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data 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). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. VICI Properties's quarterly 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. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business 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. This represents a $1.84 annualized dividend and a yield of 7.2%. This is an increase from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. VICI Properties's dividend payout ratio (DPR) is presently 69.77%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of VICI Properties in the 2nd quarter worth approximately $3,433,817,000. California State Teachers Retirement System raised its holdings in VICI Properties by 2,482.5% in the second quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company's stock worth $1,262,755,000 after purchasing an additional 45,719,695 shares in the last quarter. Bank of America Corp DE bought a new position in VICI Properties in the second quarter worth $778,709,000. Norges Bank purchased a new position in VICI Properties during the fourth quarter valued at $537,676,000. Finally, Legal & General Group Plc purchased a new position in VICI Properties during the second quarter valued at $366,514,000. 97.71% of the stock is currently owned by 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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