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

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

VICI Properties News Summary

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: VICI’s sizable dividend and potential for recurring passive income continue to make it appealing to income investors. Recent coverage highlights VICI among high-yield stocks favored by Wall Street, which could provide support for the shares. This Is All You Need to Earn Over $500 a Month From 3 Strong Buy Stocks
• Positive Sentiment: Despite recent weakness, JPMorgan’s $30 price target implies substantial upside from current levels, suggesting the analyst still sees longer-term value even after moving to a more cautious rating. JP Morgan Downgrades VICI Properties to Neutral from Overweight
• Neutral Sentiment: Scotiabank cut its price target from $29 to $26 while maintaining a “sector perform” rating. The revised target still indicates potential upside, but the reduction signals less confidence in near-term appreciation. Scotiabank Adjusts VICI Properties Price Target to $26 From $29
• Negative Sentiment: JPMorgan downgraded VICI from “overweight” to “neutral,” removing a bullish endorsement and adding to selling pressure. The change reflects a more balanced risk-reward view for the casino-focused real estate investment trust. JP Morgan Downgrades VICI Properties to Neutral from Overweight
• Negative Sentiment: VICI’s recent earnings included an EPS miss versus consensus, despite revenue growth and revenue slightly exceeding estimates. The earnings disappointment contributed to the stock falling to a 52-week low and underperforming the broader market. VICI Properties Stock Falls to a 52-Week Low as EPS Misses

Analyst Ratings Changes

Several analysts recently commented on VICI shares. Mizuho dropped their price target on VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. Scotiabank decreased their price objective on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a report on Thursday. Evercore set a $30.00 target price on shares of VICI Properties in a report on Monday. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research report on Friday, July 31st. Finally, Raymond James Financial set a $29.00 price target on shares of VICI Properties in a research note on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.93.

VICI Properties Price Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s fifty day moving average is $25.80 and its 200-day moving average is $27.08. The stock has a market cap of $25.84 billion, a PE ratio of 9.09 and a beta of 0.65.

VICI Properties (NYSE:VICI) last released its quarterly earnings data 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). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.VICI Properties’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The firm 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 $0.46 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Thursday, September 17th. VICI Properties’s payout ratio is currently 71.32%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 3.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock valued at $284,060,000 after acquiring an additional 349,262 shares during the last quarter. Amundi grew its holdings in shares of VICI Properties by 21.1% during the second 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 during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of VICI Properties during the second quarter worth about $4,858,000. Bank of America Corp DE lifted its holdings in shares of VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after purchasing an additional 734,068 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of VICI Properties by 19.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock valued at $29,147,000 after purchasing an additional 177,238 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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.