VICI Properties (NYSE:VICI) Sees Unusually-High Trading Volume – Here’s What Happened

VICI Properties Inc. (NYSE:VICI) saw unusually-high trading volume on Wednesday . 8,957,476 shares were traded during trading, a decline of 3% from the previous session’s volume of 9,230,900 shares.The stock last traded at $27.0470 and had previously closed at $26.62.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VICI shares. Robert W. Baird decreased their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Barclays boosted their price objective on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank decreased their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $33.15.

VICI Properties Trading Up 1.1%

The company’s 50 day moving average price is $28.14 and its two-hundred day moving average price is $28.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The stock has a market capitalization of $28.78 billion, a PE ratio of 9.22 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, analysts expect that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Hedge Funds Weigh In On VICI Properties

A number of institutional investors have recently added to or reduced their stakes in VICI. Redwood Investment Management LLC grew its holdings in VICI Properties by 2.1% in the 1st quarter. Redwood Investment Management LLC now owns 26,075 shares of the company’s stock valued at $712,000 after buying an additional 543 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of VICI Properties during the 1st quarter worth $734,000. Parallel Advisors LLC raised its holdings in shares of VICI Properties by 49.7% during the 1st quarter. Parallel Advisors LLC now owns 16,009 shares of the company’s stock worth $437,000 after acquiring an additional 5,315 shares during the period. NewEdge Advisors LLC boosted its position in shares of VICI Properties by 3.7% during the 1st quarter. NewEdge Advisors LLC now owns 89,107 shares of the company’s stock valued at $2,434,000 after acquiring an additional 3,175 shares during the last quarter. Finally, Ramiah Investment Group boosted its position in shares of VICI Properties by 5.1% during the 1st quarter. Ramiah Investment Group now owns 15,016 shares of the company’s stock valued at $410,000 after acquiring an additional 733 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.