VICI Properties (NYSE:VICI) Stock Price Down 1.5% - Should You Sell?

Key Points

• VICI Properties shares fell 1.5% to about $23.74, with trading volume more than double the average. The stock remains below its 50-day and 200-day moving averages.
• Analysts have a consensus “Hold” rating and an average price target of $30.31, implying potential upside from the current price; ratings include five Buys and seven Holds.
• VICI increased its quarterly dividend to $0.46 per share, or $1.84 annually, resulting in a 7.8% yield. The company’s latest quarter included revenue growth of 5.7% year over year, though earnings per share missed estimates.

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) dropped 1.5% during mid-day trading on Friday . The stock traded as low as $23.72 and last traded at $23.7390. 19,340,510 shares traded hands during trading, an increase of 103% from the average session volume of 9,534,626 shares. The stock had previously closed at $24.11.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Barclays reduced their price objective on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a research report on Friday, July 31st. Finally, Cantor Fitzgerald reduced their price target on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Hold" and a consensus target price of $30.31.

VICI Properties Price Performance

The company's 50-day simple moving average is $26.07 and its 200 day simple moving average is $27.30. 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 company has a market cap of $26.14 billion, a PE ratio of 9.20 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 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. 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 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 7.8%. This is a boost from VICI Properties's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties's dividend payout ratio is 69.77%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bayban acquired a new position in VICI Properties in the fourth quarter valued at about $25,000. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties in the 1st quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties during the fourth quarter worth about $28,000. Reflection Asset Management bought a new position in shares of VICI Properties during the fourth quarter worth about $29,000. Finally, Sachetta LLC raised its holdings in shares of VICI Properties by 213.1% in the first quarter. Sachetta LLC now owns 1,171 shares of the company's stock valued at $32,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds 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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