VICI Properties (NYSE:VICI) Shares Down 1.1% – Here’s What Happened

VICI Properties Inc. (NYSE:VICI)’s share price fell 1.1% during mid-day trading on Wednesday . The stock traded as low as $23.70 and last traded at $23.7190. Approximately 12,304,320 shares traded hands during trading, an increase of 29% from the average daily volume of 9,550,053 shares. The stock had previously closed at $23.98.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VICI shares. Weiss Ratings lowered shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Barclays reduced their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Evercore set a $30.00 target price on VICI Properties in a research note on Monday. Wells Fargo & Company decreased their price objective on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Finally, Cantor Fitzgerald decreased their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.15.

VICI Properties Stock Down 1.1%

The firm’s 50-day moving average price is $25.93 and its 200 day moving average price is $27.17. 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 company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 9.19 and a beta of 0.65.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was up 5.7% on a year-over-year basis. 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 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.8%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s dividend payout ratio (DPR) is currently 71.32%.

Institutional Trading of VICI Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Bayban purchased a new position in VICI Properties during the 4th quarter valued at about $25,000. Dynamic Wealth Strategies LLC purchased a new position in VICI Properties during the first quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new stake in VICI Properties during the 4th quarter worth approximately $28,000. Reflection Asset Management purchased a new stake in VICI Properties in the 4th quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors bought a new position in VICI Properties in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.