VICI Properties (NYSE:VICI) Sees Strong Trading Volume – Should You Buy?

VICI Properties Inc. (NYSE:VICI) saw unusually-high trading volume on Wednesday . Approximately 8,957,476 shares traded hands during trading, a decline of 3% from the previous session’s volume of 9,230,900 shares.The stock last traded at $27.0470 and had previously closed at $26.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VICI shares. Barclays increased their target price on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research note on Monday, May 4th. Scotiabank lowered their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Finally, Robert W. Baird dropped their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.15.

VICI Properties Price Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The stock’s fifty day moving average price is $28.14 and its 200-day moving average price is $28.33. The firm has a market cap of $28.78 billion, a PE ratio of 9.22 and a beta of 0.65.

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

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming acquired a new position in 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 purchased a new position in shares of VICI Properties in the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties in the first quarter valued at $25,000. Finally, BOKF NA acquired a new position in shares of VICI Properties during the 3rd quarter worth $30,000. Institutional investors and hedge funds 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.