VICI Properties (NYSE:VICI) Sets New 12-Month Low – Here’s What Happened

VICI Properties Inc. (NYSE:VICI) reached a new 52-week low during trading on Monday . The stock traded as low as $27.56 and last traded at $27.6480, with a volume of 390488 shares traded. The stock had previously closed at $27.70.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VICI shares. Cantor Fitzgerald cut their price target on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Barclays lowered their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Stifel Nicolaus reduced their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Price Performance

The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 2.77 and a beta of 0.70. The stock has a 50 day moving average price of $29.43 and a 200-day moving average price of $31.58. 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 results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $0.57 earnings per share. The company’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. On average, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. VICI Properties’s dividend payout ratio is currently 68.70%.

Hedge Funds Weigh In On VICI Properties

Several institutional investors have recently modified their holdings of VICI. Norges Bank acquired a new stake in VICI Properties in the second quarter valued at approximately $486,945,000. UBS Group AG grew its position in shares of VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after acquiring an additional 4,815,053 shares during the last quarter. Bank of America Corp DE grew its position in VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after purchasing an additional 3,968,349 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of VICI Properties during the second quarter worth about $110,366,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of VICI Properties by 125.4% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after purchasing an additional 3,108,475 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.