VICI Properties (NYSE:VICI) Sets New 52-Week Low Following Analyst Downgrade

VICI Properties Inc. (NYSE:VICI)’s stock price reached a new 52-week low on Monday after Citizens Jmp lowered their price target on the stock from $35.00 to $31.00. Citizens Jmp currently has a market outperform rating on the stock. VICI Properties traded as low as $22.46 and last traded at $22.4470, with a volume of 396485 shares trading hands. The stock had previously closed at $22.65.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada started coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a research note on Friday, July 31st. Scotiabank cut their price objective on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a research report on Thursday, September 24th. Raymond James Financial set a $29.00 target price on VICI Properties in a research note on Thursday, August 13th. Finally, Barclays lowered their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.00.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 buying an additional 349,262 shares in the last quarter. Amundi lifted its position in VICI Properties by 21.1% during the 2nd quarter. Amundi now owns 7,728,135 shares of the company’s stock worth $205,182,000 after acquiring an additional 1,344,994 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in VICI Properties in the 2nd quarter worth approximately $4,858,000. The Manufacturers Life Insurance Company boosted its holdings in 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 worth $29,147,000 after acquiring an additional 177,238 shares during the period. Finally, Bank of America Corp DE grew its position in 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 valued at $763,553,000 after acquiring an additional 734,068 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

The company has a market cap of $24.81 billion, a price-to-earnings ratio of 8.73 and a beta of 0.65. The company’s 50-day simple moving average is $25.28 and its 200-day simple moving average is $26.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion during 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%. VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities research analysts anticipate that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is currently 71.32%.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.