VICI Properties (NYSE:VICI) Sets New 52-Week Low - Here's Why

Key Points

• VICI Properties fell to a new 52-week low of $25.46, with the stock trading below both its 50-day and 200-day moving averages. Its consensus analyst rating is “Hold,” with an average price target of $31.21.
• The REIT’s latest quarterly results were mixed: revenue rose 5.7% year over year to $1.06 billion and exceeded estimates, but earnings per share of $0.62 missed the $0.71 consensus forecast.
• VICI continues to offer an attractive income profile, declaring a quarterly dividend of $0.45 per share, equivalent to a 7.0% annualized yield and a 69.77% payout ratio.

VICI Properties Inc. (NYSE:VICI - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $25.46 and last traded at $25.54, with a volume of 12590080 shares trading hands. The stock had previously closed at $25.65.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research note on Thursday, August 13th. Barclays reduced their price target on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.21.

VICI Properties Stock Performance

The firm has a market capitalization of $28.12 billion, a price-to-earnings ratio of 9.90 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 firm has a 50 day moving average price of $26.46 and a 200-day moving average price of $27.70.

VICI Properties (NYSE:VICI - Get Free Report) last released 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company's revenue for the quarter 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. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

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

Institutional Trading of VICI Properties

Large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock valued at $763,553,000 after buying an additional 734,068 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in VICI Properties during the 2nd quarter worth about $4,858,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company's stock worth $284,060,000 after buying an additional 349,262 shares during the last quarter. Wilsey Asset Management Inc. boosted its position in shares of VICI Properties by 6.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company's stock worth $30,092,000 after acquiring an additional 65,853 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in shares of VICI Properties by 24.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company's stock worth $198,619,000 after acquiring an additional 1,406,897 shares in the last quarter. 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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