VICI Properties (NYSE:VICI) Shares Down 0.9% – Should You Sell?

VICI Properties Inc. (NYSE:VICI) shares dropped 0.9% during mid-day trading on Monday . The stock traded as low as $31.26 and last traded at $31.58. Approximately 1,620,737 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 5,979,902 shares. The stock had previously closed at $31.86.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent analyst reports. Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Stifel Nicolaus boosted their price target on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Finally, Barclays lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.07.

VICI Properties Price Performance

The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a 50 day moving average of $31.81 and a 200 day moving average of $31.07. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 69.20%.

Institutional Trading of VICI Properties

Several large investors have recently added to or reduced their stakes in VICI. Transce3nd LLC acquired a new position in shares of VICI Properties in the 4th quarter worth $28,000. Wayfinding Financial LLC bought a new position in VICI Properties during the first quarter valued at about $29,000. CoreCap Advisors LLC increased its stake in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of VICI Properties in the fourth quarter worth about $33,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.