VICI Properties (NYSE:VICI) Reaches New 52-Week Low – What’s Next?

VICI Properties Inc. (NYSE:VICI) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $23.72 and last traded at $23.9780, with a volume of 716738 shares trading hands. The stock had previously closed at $23.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research note on Friday, July 31st. Cantor Fitzgerald dropped their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Morgan Stanley cut their target price on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 15th. Evercore set a $30.00 target price on shares of VICI Properties in a research note on Monday. Finally, Weiss Ratings cut shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Hold” and a consensus price target of $30.15.

VICI Properties Stock Performance

The stock has a market capitalization of $26.30 billion, a P/E ratio of 9.26 and a beta of 0.65. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $27.17.

VICI Properties (NYSE:VICI) 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 firm 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%. VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts expect that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.7%. VICI Properties’s dividend payout ratio (DPR) is presently 71.32%.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of VICI Properties by 3.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock valued at $284,060,000 after acquiring an additional 349,262 shares in the last quarter. Amundi grew its holdings in shares of VICI Properties by 21.1% during the second quarter. Amundi now owns 7,728,135 shares of the company’s stock worth $205,182,000 after purchasing an additional 1,344,994 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of VICI Properties in the second quarter worth approximately $4,858,000. Bank of America Corp DE raised its stake in VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after purchasing an additional 734,068 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock valued at $29,147,000 after purchasing an additional 177,238 shares in the last quarter. Hedge funds and other institutional investors 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.