VICI Properties (NYSE:VICI) Stock Price Down 1.4% – Time to Sell?

Shares of VICI Properties Inc. (NYSE:VICI) dropped 1.4% on Monday. The company traded as low as $23.14 and last traded at $23.1750. Approximately 10,677,707 shares were traded during trading, an increase of 12% from the average session volume of 9,554,631 shares. The stock had previously closed at $23.51.

Analysts Set New Price Targets

VICI has been the topic of a number of analyst reports. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a research note on Thursday, July 30th. Morgan Stanley lowered their price target on VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 15th. Weiss Ratings cut shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Scotiabank cut their target price on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.93.

VICI Properties Stock Down 0.0%

The company’s 50 day moving average price is $25.59 and its two-hundred day moving average price is $26.96. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.52 billion, a P/E ratio of 8.98 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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 firm had revenue of $1.06 billion during 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%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Thursday, September 17th. VICI Properties’s payout ratio is 71.32%.

Institutional Trading of VICI Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $3,433,817,000. State Street Corp boosted its stake in shares of VICI Properties by 4.5% during the second quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after purchasing an additional 2,920,133 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of VICI Properties by 1.8% during the second quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock valued at $837,047,000 after purchasing an additional 566,922 shares in the last quarter. Bank of America Corp DE purchased a new position in VICI Properties during the second quarter valued at approximately $778,709,000. Finally, Dimensional Fund Advisors LP increased its holdings in VICI Properties by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock valued at $422,294,000 after buying an additional 344,355 shares during the period. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Company Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.