VICI Properties (NYSE:VICI) Shares Down 1.8% - Time to Sell?

Key Points

• VICI Properties shares fell 1.8% to about $24.10, trading below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed, with five Buy and seven Hold ratings; the average price target is $30.31, although several firms recently lowered their targets.
• VICI missed quarterly EPS estimates despite revenue growth, but raised its quarterly dividend to $0.46, implying an annualized yield of approximately 7.6%.

VICI Properties Inc. (NYSE:VICI - Get Free Report) fell 1.8% during trading on Thursday . The stock traded as low as $24.07 and last traded at $24.0990. 8,388,692 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 9,466,738 shares. The stock had previously closed at $24.53.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VICI. Barclays decreased their price target on VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada began coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price objective for the company. Weiss Ratings cut shares of VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, September 9th. Mizuho cut their price target on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.31.

VICI Properties Trading Down 1.8%

The firm has a market capitalization of $26.53 billion, a P/E ratio of 9.34 and a beta of 0.65. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm's 50-day simple moving average is $26.10 and its 200-day simple moving average is $27.34.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS 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 company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.60 EPS. VICI Properties's quarterly 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. Analysts anticipate that VICI Properties Inc. will post 2.5 EPS for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties's payout ratio is currently 69.77%.

Institutional Investors Weigh In On VICI Properties

Several hedge funds have recently added to or reduced their stakes in the company. Bayban bought a new position in shares of VICI Properties during the 4th quarter valued at about $25,000. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties in the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in VICI Properties in the fourth quarter worth approximately $28,000. Reflection Asset Management purchased a new stake in VICI Properties in the fourth quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors bought a new position in VICI Properties during the fourth quarter valued at approximately $33,000. Institutional investors own 97.71% of the company's stock.

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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