VICI Properties (NYSE:VICI) Stock Price Down 1.5% – Here’s What Happened

VICI Properties Inc. (NYSE:VICI) traded down 1.5% during mid-day trading on Friday . The stock traded as low as $23.72 and last traded at $23.7390. Approximately 19,340,510 shares traded hands during trading, an increase of 103% from the average session volume of 9,534,626 shares. The stock had previously closed at $24.11.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VICI shares. Scotiabank lowered their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research report on Thursday, August 13th. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research report on Friday, July 31st. Finally, Morgan Stanley reduced their price target on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.31.

VICI Properties Price Performance

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 company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 9.20 and a beta of 0.65. The business has a 50-day moving average price of $26.07 and a two-hundred day moving average price of $27.30.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The firm 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Thursday, September 17th. VICI Properties’s dividend payout ratio is presently 69.77%.

Institutional Investors Weigh In On VICI Properties

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in VICI Properties by 3.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock worth $284,060,000 after acquiring an additional 349,262 shares during the last quarter. Amundi increased its holdings in shares of VICI Properties by 21.1% in the 2nd quarter. Amundi now owns 7,728,135 shares of the company’s stock worth $205,182,000 after purchasing an additional 1,344,994 shares in the last quarter. Bank of America Corp DE raised its stake in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after purchasing an additional 734,068 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of VICI Properties during the second quarter valued at $4,858,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of VICI Properties by 19.3% during 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 buying an additional 177,238 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Company Profile

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.