VICI Properties (NYSE:VICI) Hits New 12-Month Low – Time to Sell?

VICI Properties Inc. (NYSE:VICI) shares hit a new 52-week low during trading on Monday . The company traded as low as $25.81 and last traded at $25.8750, with a volume of 2313942 shares changing hands. The stock had previously closed at $26.36.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VICI. Raymond James Financial set a $29.00 price objective on VICI Properties in a research report on Thursday. Scotiabank dropped their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Morgan Stanley reduced their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald lowered their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.29.

VICI Properties Price Performance

The stock has a market cap of $28.53 billion, a P/E ratio of 10.04 and a beta of 0.65. The business has a 50-day simple moving average of $26.77 and a 200 day simple moving average of $27.91. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is currently 69.77%.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayban bought a new stake in shares of VICI Properties in the 4th quarter valued at $25,000. Dynamic Wealth Strategies LLC bought a new position in VICI Properties during the first quarter worth $25,000. State of Wyoming bought a new position in VICI Properties during the second quarter worth $26,000. Evolution Wealth Management Inc. acquired a new position in VICI Properties in the fourth quarter valued at $28,000. Finally, Headlands Technologies LLC acquired a new position in VICI Properties in the second quarter valued at $28,000. 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.