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

VICI Properties Inc. (NYSE:VICI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.31 and last traded at $25.3850, with a volume of 785894 shares trading hands. The stock had previously closed at $25.42.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank Of Canada began coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective for the company. Mizuho reduced their target price on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, September 2nd. Scotiabank decreased their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research note on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Hold” and a consensus price target of $30.46.

VICI Properties Stock Performance

The business’s fifty day moving average price is $26.31 and its two-hundred day moving average price is $27.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $27.80 billion, a P/E ratio of 9.78 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business posted $0.60 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a $0.46 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.3%. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Institutional Trading of VICI Properties

Several hedge funds and other institutional investors have recently bought and sold shares of VICI. NewEdge Advisors LLC boosted its stake in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP raised its stake in shares of VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after acquiring an additional 26,017 shares during the period. Jump Financial LLC lifted its holdings in shares of VICI Properties by 45.0% in the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after acquiring an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of VICI Properties by 96.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after acquiring an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of VICI Properties by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after purchasing an additional 2,775 shares during the period. Hedge funds and other institutional investors 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.