VICI Properties (NYSE:VICI) Stock Price Down 1.4% - Here's What Happened

Key Points

• VICI Properties shares fell 1.4% to about $23.18, with trading volume roughly 12% above its average. The stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating, with an average price target of $29.93; several firms recently reduced their targets to between $26 and $27.
• VICI increased its quarterly dividend from $0.45 to $0.46 per share, implying a 7.9% annualized yield. Its latest quarterly revenue exceeded estimates, although earnings per share missed consensus expectations.

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) fell 1.4% on Monday. The company traded as low as $23.14 and last traded at $23.1750. Approximately 10,677,707 shares were traded during trading, an increase of 12% from the average daily volume of 9,554,631 shares. The stock had previously closed at $23.51.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Mizuho lowered their price objective on VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Evercore set a $30.00 price target on shares of VICI Properties in a research note on Monday, September 21st. Royal Bank Of Canada initiated 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 on the stock. Finally, Scotiabank decreased their target price on shares of VICI Properties from $29.00 to $26.00 and set a "sector perform" rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties currently has an average rating of "Hold" and an average price target of $29.93.

VICI Properties Stock Down 1.4%

The company has a 50 day moving average price of $25.73 and a two-hundred day moving average price of $27.04. 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 cap of $25.52 billion, a PE ratio of 8.98 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last released 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 company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter 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 expect that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 17th. This is a positive change from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.9%. VICI Properties's payout ratio is 71.32%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bayban purchased a new stake in VICI Properties in the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties during the first quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new position in VICI Properties during the fourth quarter valued at approximately $28,000. Reflection Asset Management purchased a new position in shares of VICI Properties in the fourth quarter valued at $29,000. Finally, Sarver Vrooman Wealth Advisors bought a new stake in VICI Properties in the fourth quarter worth $33,000. 97.71% of the stock is owned by hedge funds and other 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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