VICI Properties Slides 0.78% as $270M Trading Volume Ranks 412th in U.S. Liquidity Amid Sector Headwinds

On October 7, 2025, VICI Properties (VICI) closed at a 0.78% decline with $270 million in trading volume, ranking 412th among U.S. equities by liquidity. The stock's performance reflected sector-specific pressures amid shifting investor sentiment toward real estate investment trusts (REITs).

Recent developments highlight strategic challenges for the company. A pending regulatory review of its portfolio expansion plans has introduced near-term uncertainty, while a key lease renegotiation with a major tenant remains unresolved. Analysts noted that these factors contributed to a risk-off stance among institutional investors, who have historically favored VICI's high-yield profile.

Market participants also observed reduced short-term volatility compared to Q3 2025, with the stock's 20-day average volume declining by 12% year-to-date. This aligns with broader REIT sector trends as investors reassess risk premiums in a rising rate environment. Positioning data showed a 7.3% drop in open interest on derivative contracts tied to the stock over the past two weeks.

To carry out this request we need to construct, on every trading day from 2022-01-03 onward, an equal-weighted portfolio of the 500 U.S. listed stocks that exhibited the highest dollar trading volume the previous day, hold that portfolio one full trading day, then rebalance the next day, and finally aggregate the daily P&L into a cumulative return series.