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

VICI Properties Inc. (NYSE:VICI) shares reached a new 52-week low on Wednesday . The stock traded as low as $26.02 and last traded at $26.0730, with a volume of 12022373 shares traded. The stock had previously closed at $26.77.

Analyst Ratings Changes

Several equities analysts recently issued reports on VICI shares. Scotiabank cut their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a report on Monday, May 4th. Barclays increased their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target for the company. Finally, Morgan Stanley reduced their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

VICI Properties Trading Down 2.6%

The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of 8.93 and a beta of 0.65. The business’s fifty day moving average is $27.81 and its two-hundred day moving average is $28.23.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Equities analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Institutional Trading of VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayban bought a new stake in shares of VICI Properties during the fourth quarter worth approximately $25,000. Dynamic Wealth Strategies LLC bought a new position in VICI Properties in the first quarter valued at approximately $25,000. State of Wyoming acquired a new stake in VICI Properties during the 2nd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new stake in VICI Properties during the 4th quarter worth $28,000. Finally, Headlands Technologies LLC bought a new stake in shares of VICI Properties during the 2nd quarter valued at $28,000. 97.71% of the stock is owned by institutional investors.

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.