VICI Properties (NYSE:VICI) Trading Down 1.1% – What’s Next?

VICI Properties Inc. (NYSE:VICI)’s share price traded down 1.1% during trading on Wednesday . The stock traded as low as $23.70 and last traded at $23.7190. Approximately 12,304,320 shares changed hands during trading, an increase of 29% from the average daily volume of 9,550,053 shares. The stock had previously closed at $23.98.

Analyst Ratings Changes

A number of analysts have recently issued reports on VICI shares. Royal Bank Of Canada assumed coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target for the company. Cantor Fitzgerald decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a research note on Thursday, July 30th. Mizuho dropped their target price on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. Finally, Barclays cut their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Hold” and an average price target of $30.15.

VICI Properties Stock Performance

The stock has a market cap of $26.12 billion, a PE ratio of 9.19 and a beta of 0.65. The company has a fifty day moving average price of $25.93 and a 200 day moving average price of $27.17. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. 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. This represents a $1.84 annualized dividend and a dividend yield of 7.8%. VICI Properties’s payout ratio is presently 71.32%.

Institutional Investors Weigh In On VICI Properties

Large investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of VICI Properties by 4.5% in the second quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after acquiring an additional 2,920,133 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of VICI Properties by 19.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock worth $29,147,000 after purchasing an additional 177,238 shares during the period. Tidal Investments LLC grew its stake in shares of VICI Properties by 14.0% in the second quarter. Tidal Investments LLC now owns 100,502 shares of the company’s stock worth $2,668,000 after purchasing an additional 12,362 shares during the last quarter. National Pension Service grew its stake in shares of VICI Properties by 4.9% in the second quarter. National Pension Service now owns 3,392,494 shares of the company’s stock worth $90,071,000 after purchasing an additional 159,977 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in VICI Properties by 48.2% during the 2nd quarter. NewEdge Advisors LLC now owns 132,052 shares of the company’s stock valued at $3,506,000 after purchasing an additional 42,945 shares during the period. 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.