VICI Properties (NYSE:VICI) Shares Up 1.3% – Still a Buy?

VICI Properties Inc. (NYSE:VICI) was up 1.3% during trading on Monday . The company traded as high as $24.09 and last traded at $24.02. Approximately 9,086,458 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 9,525,256 shares. The stock had previously closed at $23.72.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a report on Friday, July 31st. Evercore set a $30.00 price objective on shares of VICI Properties in a research note on Monday. Cantor Fitzgerald cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Finally, Barclays lowered their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.15.

VICI Properties Stock Performance

The stock has a 50 day moving average of $25.93 and a 200 day moving average of $27.17. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 9.19 and a beta of 0.65.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.47 EPS for the current fiscal 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 given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.8%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio is currently 71.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Bayban purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties in the first quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of VICI Properties in the fourth quarter worth approximately $28,000. Reflection Asset Management bought a new stake in VICI Properties during the fourth quarter valued at approximately $29,000. Finally, Sachetta LLC grew its position in VICI Properties by 213.1% during the first quarter. Sachetta LLC now owns 1,171 shares of the company’s stock valued at $32,000 after buying an additional 797 shares during the period. Institutional investors own 97.71% of the company’s stock.

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.