VICI Properties (NYSE:VICI) Hits New 1-Year Low – Here’s Why

VICI Properties Inc. (NYSE:VICI)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $27.55 and last traded at $27.6050, with a volume of 4347635 shares traded. The stock had previously closed at $27.85.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research note on Monday. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Barclays dropped their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Stifel Nicolaus cut their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, The Goldman Sachs Group lowered their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

VICI Properties Trading Down 0.3%

The stock’s 50 day moving average is $28.76 and its 200-day moving average is $31.24. The company has a market cap of $29.68 billion, a P/E ratio of 10.60, a PEG ratio of 2.74 and a beta of 0.70. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s dividend payout ratio is 68.70%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VICI. Norges Bank purchased a new stake in shares of VICI Properties during the 2nd quarter worth approximately $486,945,000. UBS Group AG raised its stake in VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock valued at $314,886,000 after purchasing an additional 4,815,053 shares in the last quarter. Bank of America Corp DE lifted its position in VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of VICI Properties in the 2nd quarter worth $110,366,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of VICI Properties by 125.4% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after acquiring an additional 3,108,475 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.