VICI Properties (NYSE:VICI) Hits New 1-Year Low – What’s Next?

VICI Properties Inc. (NYSE:VICI) hit a new 52-week low on Wednesday . The stock traded as low as $27.55 and last traded at $27.6050, with a volume of 4347635 shares traded. The stock had previously closed at $27.85.

Analyst Ratings Changes

VICI has been the topic of several analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Mizuho dropped their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Evercore ISI reiterated an “in-line” rating and set a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. JPMorgan Chase & Co. raised their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Finally, Stifel Nicolaus dropped their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.31.

VICI Properties Trading Down 0.7%

The company’s fifty day moving average price is $28.83 and its 200-day moving average price is $31.29. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 2.71 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.5%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Chesley Taft & Associates LLC grew its position in shares of VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock valued at $304,000 after purchasing an additional 324 shares during the period. Aptus Capital Advisors LLC boosted its holdings in VICI Properties by 5.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock worth $216,000 after buying an additional 329 shares during the last quarter. Wright Investors Service Inc. increased its stake in VICI Properties by 0.4% during the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock worth $2,429,000 after buying an additional 330 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of VICI Properties by 3.8% during the third quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock valued at $296,000 after acquiring an additional 334 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of VICI Properties by 3.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock valued at $339,000 after acquiring an additional 337 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 (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.