VICI Properties (NYSE:VICI) Stock Price Down 1.8% – Time to Sell?

VICI Properties Inc. (NYSE:VICI)’s share price fell 1.8% during mid-day trading on Thursday . The company traded as low as $24.07 and last traded at $24.0990. 8,388,692 shares were traded during mid-day trading, a decline of 11% from the average session volume of 9,466,738 shares. The stock had previously closed at $24.53.

Analyst Ratings Changes

Several research firms recently commented on VICI. Cantor Fitzgerald reduced their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research note on Thursday, August 13th. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research report on Thursday, July 30th. Mizuho reduced their price objective on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Finally, Scotiabank decreased their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.31.

VICI Properties Trading Down 1.8%

The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $26.10 and its two-hundred day moving average price is $27.34. The company has a market capitalization of $26.53 billion, a PE ratio of 9.34 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 earnings per share (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 for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Sell-side analysts anticipate that VICI Properties Inc. will post 2.5 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.6%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is 69.77%.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock valued at $29,147,000 after acquiring an additional 177,238 shares in the last quarter. Tidal Investments LLC increased its position in VICI Properties by 14.0% during the 2nd quarter. Tidal Investments LLC now owns 100,502 shares of the company’s stock valued at $2,668,000 after purchasing an additional 12,362 shares during the period. National Pension Service raised its holdings in VICI Properties by 4.9% in the 2nd quarter. National Pension Service now owns 3,392,494 shares of the company’s stock worth $90,071,000 after purchasing an additional 159,977 shares in the last quarter. NewEdge Advisors LLC raised its holdings in VICI Properties by 48.2% in the 2nd quarter. NewEdge Advisors LLC now owns 132,052 shares of the company’s stock worth $3,506,000 after purchasing an additional 42,945 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of VICI Properties by 73.2% in the 2nd quarter. IFP Advisors Inc now owns 10,001 shares of the company’s stock worth $266,000 after purchasing an additional 4,226 shares during the period. 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.