VICI Properties (NYSE:VICI) Sets New 12-Month Low – Should You Sell?

Shares of VICI Properties Inc. (NYSE:VICI) reached a new 52-week low on Wednesday . The company traded as low as $24.60 and last traded at $24.6550, with a volume of 3668219 shares. The stock had previously closed at $24.76.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Mizuho lowered their price objective on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Wells Fargo & Company reduced their target price on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Weiss Ratings downgraded shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.31.

VICI Properties Price Performance

The company has a 50-day moving average of $26.07 and a 200 day moving average of $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 firm has a market cap of $26.53 billion, a P/E ratio of 9.34 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.47 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. Stockholders of record on Thursday, September 17th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 7.6%. 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. VICI Properties’s payout ratio is currently 69.77%.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of VICI Properties during the second quarter worth approximately $3,433,817,000. Geode Capital Management LLC boosted its holdings in shares of VICI Properties by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after acquiring an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH grew its position 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 worth $851,821,000 after acquiring an additional 2,305,719 shares during the last quarter. Bank of America Corp DE bought a new stake in VICI Properties during the 2nd quarter worth approximately $778,709,000. Finally, Norges Bank acquired a new stake in VICI Properties during the 4th quarter valued at $537,676,000. 97.71% of the stock is owned by 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.