VICI Properties (NYSE:VICI) Reaches New 52-Week Low on Analyst Downgrade

VICI Properties Inc. (NYSE:VICI)’s stock price reached a new 52-week low during mid-day trading on Wednesday after Mizuho lowered their price target on the stock from $30.00 to $27.00. Mizuho currently has a neutral rating on the stock. VICI Properties traded as low as $25.46 and last traded at $25.54, with a volume of 12590080 shares. The stock had previously closed at $25.65.

Several other equities analysts have also weighed in on VICI. Cantor Fitzgerald cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Morgan Stanley decreased their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Robert W. Baird set a $32.00 price target on VICI Properties in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company cut their price target on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICI. Gamco Investors INC. ET AL lifted its holdings in shares of VICI Properties by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after purchasing an additional 384 shares in the last quarter. Corrado Advisors LLC grew its position in shares of VICI Properties by 0.8% in the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock valued at $1,374,000 after purchasing an additional 393 shares during the period. Beacon Investment Advisors LLC increased its stake in VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after purchasing an additional 455 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in VICI Properties by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock worth $244,000 after purchasing an additional 483 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in VICI Properties by 54.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock worth $37,000 after buying an additional 483 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.3%

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 firm’s fifty day simple moving average is $26.42 and its 200 day simple moving average is $27.65. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 9.96 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its quarterly earnings results 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). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, 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. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 17th. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

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.