VICI Properties (NYSE:VICI) Sets New 52-Week Low – Here’s Why

VICI Properties Inc. (NYSE:VICI) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $25.46 and last traded at $25.54, with a volume of 12590080 shares trading hands. The stock had previously closed at $25.65.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Cantor Fitzgerald lowered their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Morgan Stanley cut their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company reduced their price target on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.21.

VICI Properties Stock Performance

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 firm has a 50-day simple moving average of $26.46 and a 200 day simple moving average of $27.70. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 9.90 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share 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 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 period in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Bank of America Corp DE increased its position in VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after acquiring an additional 734,068 shares during the period. Rakuten Investment Management Inc. acquired a new stake in VICI Properties during the 2nd quarter worth approximately $4,858,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock worth $284,060,000 after acquiring an additional 349,262 shares during the period. Wilsey Asset Management Inc. lifted its position in VICI Properties by 6.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after acquiring an additional 65,853 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of VICI Properties by 24.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after purchasing an additional 1,406,897 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.