VICI Properties (NYSE:VICI) Hits New 1-Year Low – What’s Next?

VICI Properties Inc. (NYSE:VICI) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.02 and last traded at $26.0730, with a volume of 12022373 shares. The stock had previously closed at $26.77.

Analyst Ratings Changes

Several research firms recently weighed in on VICI. Royal Bank Of Canada assumed coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price for the company. Barclays lifted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Morgan Stanley reduced their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a report on Monday, May 4th. Finally, Scotiabank dropped their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

VICI Properties Price Performance

The company has a market cap of $27.87 billion, a price-to-earnings ratio of 8.93 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $27.81 and a two-hundred day moving average price of $28.23.

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

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio is 61.64%.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. Teamwork Financial Advisors LLC raised its holdings in shares of VICI Properties by 8.0% in the 2nd quarter. Teamwork Financial Advisors LLC now owns 26,765 shares of the company’s stock worth $711,000 after buying an additional 1,988 shares in the last quarter. Community Trust & Investment Co. boosted its stake in VICI Properties by 15.0% in the 2nd quarter. Community Trust & Investment Co. now owns 114,355 shares of the company’s stock valued at $3,036,000 after buying an additional 14,931 shares in the last quarter. Wilsey Asset Management Inc. boosted its stake in VICI Properties by 4.6% in the 2nd quarter. Wilsey Asset Management Inc. now owns 1,152,606 shares of the company’s stock valued at $30,602,000 after buying an additional 51,155 shares in the last quarter. Czech National Bank grew its position in VICI Properties by 6.9% in the second quarter. Czech National Bank now owns 311,065 shares of the company’s stock valued at $8,259,000 after acquiring an additional 19,979 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its stake in VICI Properties by 26.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock worth $14,884,000 after acquiring an additional 116,546 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

About VICI Properties

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.