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

Shares of VICI Properties Inc. (NYSE:VICI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.60 and last traded at $24.6550, with a volume of 3668219 shares changing hands. The stock had previously closed at $24.76.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VICI. Cantor Fitzgerald lowered their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Weiss Ratings cut shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Barclays dropped their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Morgan Stanley cut their target price on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.31.

VICI Properties Stock Performance

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 9.52 and a beta of 0.65. The stock has a fifty day moving average price of $26.13 and a 200 day moving average price of $27.38.

VICI Properties (NYSE:VICI) last announced 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). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter 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. As a group, analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.5%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s payout ratio is currently 69.77%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VICI. Bayban acquired a new position in shares of VICI Properties during the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC acquired a new stake in VICI Properties in the first quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new position in VICI Properties in the fourth quarter valued at about $28,000. Reflection Asset Management bought a new position in VICI Properties in the fourth quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors acquired a new position in VICI Properties during the fourth quarter worth about $33,000. 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.