Wells Fargo & Company Cuts VICI Properties (NYSE:VICI) Price Target to $27.00

VICI Properties (NYSE:VICI) had its target price decreased by Wells Fargo & Company from $29.00 to $27.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also commented on VICI. Morgan Stanley decreased their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Scotiabank dropped their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Barclays upped their target price on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.21.

VICI Properties Price Performance

VICI Properties stock opened at $26.88 on Wednesday. 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 firm has a market cap of $28.74 billion, a P/E ratio of 9.21 and a beta of 0.65. The business’s fifty day moving average is $27.44 and its two-hundred day moving average is $28.15. VICI Properties has a 52 week low of $25.82 and a 52 week high of $34.01.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.7%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Institutional Trading of VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP lifted its holdings in VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after buying an additional 26,017 shares during the period. Jump Financial LLC lifted its holdings in VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after buying an additional 8,259 shares during the period. Treasurer of the State of North Carolina boosted its stake in VICI Properties by 96.0% in the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after acquiring an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in VICI Properties by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after acquiring an additional 2,775 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Company Profile

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.