VICI Properties (NYSE:VICI) Reaches New 12-Month Low - Here's Why

Key Points

• VICI Properties fell to a new 52-week low of $23.14, trading below its 50-day and 200-day moving averages amid continued weakness in the stock.
• Analysts have recently lowered price targets, with the consensus rating at “Hold” and an average target of $29.93. The company also missed quarterly EPS estimates, reporting $0.62 versus the expected $0.71, despite revenue exceeding forecasts.
• VICI increased its quarterly dividend to $0.46 per share, equivalent to a 7.9% annualized yield; institutional investors collectively own 97.71% of the stock.

VICI Properties Inc. (NYSE:VICI - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $23.14 and last traded at $23.1750, with a volume of 10681089 shares trading hands. The stock had previously closed at $23.51.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VICI. Scotiabank dropped their price target on VICI Properties from $29.00 to $26.00 and set a "sector perform" rating for the company in a research report on Thursday, September 24th. Weiss Ratings cut VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, September 9th. Mizuho cut their target price on VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, September 2nd. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Finally, Morgan Stanley lowered their price target on shares of VICI Properties from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 15th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $29.93.

VICI Properties Trading Down 1.4%

The company has a 50 day moving average of $25.66 and a 200-day moving average of $26.99. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of 8.98 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business 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 firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.9%. This is an increase from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's payout ratio is currently 71.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its stake in VICI Properties by 0.8% during 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 lifted its holdings in 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 buying an additional 393 shares during the last quarter. Beacon Investment Advisors LLC grew its position in shares of VICI Properties by 3.4% in 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 grew its position in shares of VICI Properties by 5.9% in 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. increased its holdings in shares of VICI Properties by 54.5% in 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 last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

About VICI Properties

VICI Properties, Inc NYSE: VICI is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI's portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.

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