VICI Properties (NYSE:VICI) Stock Price Up 1.3% - What's Next?

Key Points

• VICI Properties shares rose 1.3% to $24.02 in mid-day trading, with volume slightly below its average. The stock remains below its 50-day and 200-day moving averages of $26.02 and $27.25, respectively.
• Analysts maintain a consensus “Hold” rating, with an average price target of $30.15; five analysts rate the stock a Buy and seven rate it a Hold. Recent target reductions include Barclays, Morgan Stanley, and Wells Fargo.
• VICI increased its quarterly dividend to $0.46 per share, equal to $1.84 annually and a 7.7% yield. The company’s latest quarter exceeded revenue expectations but missed EPS estimates, while institutional investors own 97.71% of the stock.

VICI Properties Inc. (NYSE:VICI - Get Free Report)'s stock price was up 1.3% during mid-day trading on Monday . The stock traded as high as $24.09 and last traded at $24.02. 9,086,458 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 9,525,256 shares. The stock had previously closed at $23.72.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $32.00 price target on VICI Properties in a research report on Thursday, July 30th. Barclays decreased their price objective on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a report on Thursday, August 13th. Morgan Stanley reduced their target price on shares of VICI Properties from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 15th. Finally, Wells Fargo & Company decreased their price target on shares of 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. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.15.

VICI Properties Price Performance

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $26.45 billion, a PE ratio of 9.31 and a beta of 0.65. The firm has a 50 day moving average of $26.02 and a two-hundred day moving average of $27.25.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.60 EPS. 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. Research analysts predict that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently declared 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 represents a $1.84 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, September 17th. This is a positive change from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's dividend payout ratio (DPR) is presently 71.32%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of VICI Properties during the second quarter valued at approximately $3,433,817,000. Geode Capital Management LLC raised its stake in shares of VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in VICI Properties by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company's stock valued at $851,821,000 after acquiring an additional 2,305,719 shares during the period. Bank of America Corp DE bought a new position in VICI Properties during the 2nd quarter valued at about $778,709,000. Finally, Norges Bank purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $537,676,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

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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