VICI Properties (NYSE:VICI) Reaches New 52-Week Low - What's Next?

Key Points

• VICI Properties shares fell to a new 52-week low of $23.72, trading below both its 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $30.15.
• The company reported quarterly EPS of $0.62, below the $0.71 consensus estimate, although revenue rose 5.7% year over year to $1.06 billion. Full-year EPS guidance is $2.45–$2.47.
• VICI increased its quarterly dividend to $0.46 per share, or $1.84 annualized, representing a 7.7% yield; institutional investors own 97.71% of the company.

VICI Properties Inc. (NYSE:VICI - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.72 and last traded at $23.9780, with a volume of 716738 shares. The stock had previously closed at $23.98.

Analyst Ratings Changes

VICI has been the topic of several analyst reports. Morgan Stanley reduced their target price 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. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target for the company. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research note on Friday, July 31st. Finally, Evercore set a $30.00 target price on shares of VICI Properties in a research note on Monday. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has a consensus rating of "Hold" and a consensus target price of $30.15.

VICI Properties Trading Down 0.4%

The business has a 50 day moving average of $25.93 and a two-hundred day moving average of $27.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 9.26 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last posted its 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). 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts predict that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a yield of 7.7%. This is an increase from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio is presently 71.32%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VICI. Bayban bought a new stake in VICI Properties in the fourth quarter worth about $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties during the 4th quarter worth approximately $28,000. Reflection Asset Management bought a new stake in shares of VICI Properties in the 4th quarter worth approximately $29,000. Finally, Sachetta LLC raised its holdings in shares of VICI Properties by 213.1% in the 1st quarter. Sachetta LLC now owns 1,171 shares of the company's stock worth $32,000 after purchasing an additional 797 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Company Profile

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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