VICI Properties (NYSE:VICI) Stock Price Down 1.4% – Time to Sell?

VICI Properties Inc. (NYSE:VICI)’s stock price dropped 1.4% during trading on Monday. The company traded as low as $23.14 and last traded at $23.1750. 10,677,707 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 9,554,631 shares. The stock had previously closed at $23.51.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VICI shares. Cantor Fitzgerald decreased their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Evercore set a $30.00 price target on VICI Properties in a research report on Monday, September 21st. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research report on Friday, July 31st. Finally, Weiss Ratings lowered VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.93.

VICI Properties Stock Performance

The firm has a market cap of $25.52 billion, a PE ratio of 8.98 and a beta of 0.65. The business has a 50 day simple moving average of $25.73 and a two-hundred day simple moving average of $27.04. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $0.46 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 annualized dividend and a yield of 7.9%. VICI Properties’s dividend payout ratio is presently 71.32%.

Hedge Funds Weigh In On VICI Properties

A number of institutional investors have recently modified their holdings of VICI. BlackRock Inc. purchased a new stake in shares of VICI Properties in the second quarter valued at approximately $3,433,817,000. Bank of America Corp DE bought a new position in VICI Properties in the second quarter worth approximately $778,709,000. Norges Bank purchased a new position in VICI Properties during the 4th quarter worth $537,676,000. Legal & General Group Plc purchased a new position in VICI Properties during the 2nd quarter worth $366,514,000. Finally, Man Group plc bought a new stake in VICI Properties during the 2nd quarter valued at $318,249,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.