VICI Properties (NYSE:VICI) Sets New 12-Month Low After Analyst Downgrade

VICI Properties Inc. (NYSE:VICI)’s stock price hit a new 52-week low during trading on Wednesday after Mizuho lowered their price target on the stock from $30.00 to $27.00. Mizuho currently has a neutral rating on the stock. VICI Properties traded as low as $25.46 and last traded at $25.54, with a volume of 12590080 shares traded. The stock had previously closed at $25.65.

Other equities analysts also recently issued reports about the stock. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research note on Thursday, July 30th. Morgan Stanley lowered their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Scotiabank dropped 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 $30.00 price target on VICI Properties in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and an average price target of $31.00.

Institutional Investors Weigh In On VICI Properties

Institutional investors have recently bought and sold shares of the company. Bayban acquired a new position in shares of VICI Properties during the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties during the 1st quarter valued at $25,000. State of Wyoming acquired a new stake in shares of VICI Properties in the 2nd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties in the 4th quarter worth $28,000. Finally, Headlands Technologies LLC purchased a new position in VICI Properties during the 2nd quarter worth $28,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.3%

The company has a 50 day moving average of $26.42 and a two-hundred day moving average of $27.65. The stock has a market capitalization of $28.29 billion, a PE ratio of 9.96 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last released 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). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company’s quarterly 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. Sell-side analysts predict that VICI Properties Inc. will post 2.46 EPS for the current year.

VICI Properties Increases Dividend

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

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.