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

Key Points

• VICI Properties shares fell to a new 52-week low of $24.60, below both their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating, with an average price target of $30.31.
• The company missed quarterly earnings expectations, reporting $0.62 in EPS versus the $0.71 consensus, although revenue rose 5.7% year over year to $1.06 billion.
• VICI raised its quarterly dividend to $0.46 per share, equivalent to an annualized $1.84 payout and a roughly 7.5% yield; institutional investors own 97.71% of the stock.

VICI Properties Inc. (NYSE:VICI - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.60 and last traded at $24.6550, with a volume of 3668219 shares. The stock had previously closed at $24.76.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICI. Wells Fargo & Company dropped their price objective on VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Barclays lowered their price target on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target for the company. Weiss Ratings downgraded VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $30.31.

VICI Properties Stock Down 0.8%

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 stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 9.52 and a beta of 0.65. The firm's fifty day moving average is $26.13 and its 200-day moving average is $27.38.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm'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. On average, sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current 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 is a positive change from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.5%. VICI Properties's dividend payout ratio (DPR) is 69.77%.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of VICI Properties by 19.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company's stock valued at $29,147,000 after purchasing an additional 177,238 shares in the last quarter. Tidal Investments LLC raised its position in shares of VICI Properties by 14.0% during the 2nd quarter. Tidal Investments LLC now owns 100,502 shares of the company's stock worth $2,668,000 after buying an additional 12,362 shares in the last quarter. National Pension Service lifted its stake in shares of VICI Properties by 4.9% in the 2nd quarter. National Pension Service now owns 3,392,494 shares of the company's stock worth $90,071,000 after acquiring an additional 159,977 shares during the period. NewEdge Advisors LLC lifted its stake in shares of VICI Properties by 48.2% in the 2nd quarter. NewEdge Advisors LLC now owns 132,052 shares of the company's stock worth $3,506,000 after acquiring an additional 42,945 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of VICI Properties by 73.2% in the second quarter. IFP Advisors Inc now owns 10,001 shares of the company's stock valued at $266,000 after acquiring an additional 4,226 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

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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