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

VICI Properties Inc. (NYSE:VICI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.51 and last traded at $26.5950, with a volume of 4317508 shares trading hands. The stock had previously closed at $27.23.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research report on Monday, May 4th. Scotiabank reduced their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Finally, Barclays raised 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. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.15.

VICI Properties Trading Down 2.1%

The firm’s 50-day simple moving average is $28.26 and its 200 day simple moving average is $28.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market capitalization of $28.49 billion, a price-to-earnings ratio of 9.13 and a beta of 0.65.

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

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio is presently 61.64%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in shares of VICI Properties during the second quarter worth $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties in the second quarter valued at $28,000. Bayban bought a new position in VICI Properties during the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC acquired a new position in VICI Properties during the 1st quarter worth about $25,000. Finally, BOKF NA acquired a new position in VICI Properties during the 3rd quarter worth about $30,000. Institutional investors own 97.71% of the company’s stock.

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.