VICI Properties (NYSE:VICI) Hits New 52-Week Low – What’s Next?

VICI Properties Inc. (NYSE:VICI)’s share price reached a new 52-week low on Thursday . The stock traded as low as $27.98 and last traded at $27.9950, with a volume of 4210972 shares changing hands. The stock had previously closed at $28.30.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Cantor Fitzgerald reduced their price objective on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Barclays decreased their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus reduced their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, The Goldman Sachs Group reduced their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.71.

VICI Properties Stock Down 1.3%

The stock has a market capitalization of $29.87 billion, a PE ratio of 10.67, a PEG ratio of 2.83 and a beta of 0.70. The company has a 50 day moving average price of $30.53 and a 200-day moving average price of $31.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VICI Properties

Large investors have recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of VICI Properties during the second quarter valued at approximately $26,000. Parvin Asset Management LLC bought a new position in shares of VICI Properties during the 2nd quarter worth $27,000. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the second quarter valued at $28,000. Hantz Financial Services Inc. increased its stake in shares of VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after buying an additional 724 shares during the period. Finally, Godsey & Gibb Inc. purchased a new stake in VICI Properties in the third quarter worth about $29,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.