VICI Properties (NYSE:VICI) Stock Price Down 1.8% – Time to Sell?

Shares of VICI Properties Inc. (NYSE:VICI) traded down 1.8% during mid-day trading on Thursday . The company traded as low as $24.07 and last traded at $24.0990. 8,388,692 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 9,466,738 shares. The stock had previously closed at $24.53.

Analyst Ratings Changes

VICI has been the topic of a number of analyst reports. Royal Bank Of Canada began coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Scotiabank dropped their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Cantor Fitzgerald cut their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Wells Fargo & Company decreased their price objective on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Finally, Barclays lowered their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Five investment 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, VICI Properties has a consensus rating of “Hold” and a consensus target price of $30.31.

VICI Properties Trading Down 1.5%

The business’s 50 day moving average price is $26.02 and its two-hundred day moving average price is $27.27. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 9.20 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 posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared 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 represents a $1.84 annualized dividend and a yield of 7.8%. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. VICI Properties’s dividend payout ratio (DPR) is presently 71.32%.

Hedge Funds Weigh In On VICI Properties

Several hedge funds have recently made changes to their positions in VICI. The Manufacturers Life Insurance Company raised its holdings in shares of VICI Properties by 19.3% in the 2nd 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 in the last quarter. Tidal Investments LLC grew its position in 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 buying an additional 12,362 shares during the last quarter. National Pension Service grew its position in 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 buying an additional 159,977 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of VICI Properties by 48.2% in the second quarter. NewEdge Advisors LLC now owns 132,052 shares of the company’s stock valued at $3,506,000 after buying an additional 42,945 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of VICI Properties by 73.2% in the second quarter. IFP Advisors Inc now owns 10,001 shares of the company’s stock valued at $266,000 after buying an additional 4,226 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

About VICI Properties

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.