VICI Properties (NYSE:VICI) Hits New 12-Month Low – Here’s Why

VICI Properties Inc. (NYSE:VICI)’s share price hit a new 52-week low on Friday . The company traded as low as $27.44 and last traded at $27.3080, with a volume of 2587782 shares trading hands. The stock had previously closed at $27.98.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Mizuho restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Evercore reaffirmed an “in-line” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. The Goldman Sachs Group reduced their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $33.69.

VICI Properties Stock Down 2.4%

The stock’s fifty day simple moving average is $28.96 and its 200-day simple moving average is $29.82. The stock has a market capitalization of $29.19 billion, a PE ratio of 10.45, a P/E/G ratio of 3.23 and a beta of 0.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s payout ratio is currently 68.97%.

Institutional Trading of VICI Properties

Hedge funds have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in VICI Properties by 2.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after purchasing an additional 81,300 shares during the period. Swedbank AB boosted its position in VICI Properties by 4.0% during the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock valued at $158,965,000 after buying an additional 188,690 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of VICI Properties by 5.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after acquiring an additional 122,796 shares during the period. Citigroup Inc. grew its stake in shares of VICI Properties by 117.1% in the third quarter. Citigroup Inc. now owns 3,136,663 shares of the company’s stock worth $102,287,000 after purchasing an additional 1,691,653 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in VICI Properties by 11.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after purchasing an additional 2,937,039 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

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.