VICI Properties (NYSE:VICI) Sets New 12-Month Low – Time to Sell?

VICI Properties Inc. (NYSE:VICI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.31 and last traded at $25.3850, with a volume of 785894 shares trading hands. The stock had previously closed at $25.42.

Wall Street Analyst Weigh In

VICI has been the subject of a number of analyst reports. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research note on Thursday, August 13th. Wells Fargo & Company cut their price target on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Mizuho lowered their price objective on VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Finally, Cantor Fitzgerald reduced their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.00.

VICI Properties Stock Up 0.3%

The company’s 50 day simple moving average is $26.35 and its 200-day simple moving average is $27.59. 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 firm has a market cap of $28.07 billion, a P/E ratio of 9.87 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 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s 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 forecast that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $0.46 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a yield of 7.2%. VICI Properties’s payout ratio is presently 69.77%.

Hedge Funds Weigh In On VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in VICI Properties by 44.2% in the second quarter. Parkside Financial Bank & Trust now owns 12,176 shares of the company’s stock worth $323,000 after purchasing an additional 3,735 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of VICI Properties by 1.8% in the second quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock worth $837,047,000 after buying an additional 566,922 shares during the last quarter. Corient Private Wealth LP grew its position in VICI Properties by 30.9% during the second quarter. Corient Private Wealth LP now owns 699,579 shares of the company’s stock valued at $18,574,000 after buying an additional 165,213 shares during the period. Amundi increased its holdings in VICI Properties by 21.1% during the second quarter. Amundi now owns 7,728,135 shares of the company’s stock valued at $205,182,000 after buying an additional 1,344,994 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in VICI Properties by 7.3% during the second quarter. HighTower Advisors LLC now owns 4,672,284 shares of the company’s stock valued at $124,049,000 after buying an additional 318,077 shares during the last quarter. 97.71% of the stock is currently 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.