VICI Properties Inc. (NYSE:VICI) Receives $34.20 Average PT from Brokerages

VICI Properties Inc. (NYSE:VICI) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.20.

A number of analysts recently issued reports on VICI shares. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th.

Institutional Trading of VICI Properties

A number of hedge funds have recently modified their holdings of the stock. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter valued at about $28,000. CoreCap Advisors LLC grew its position 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 valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% during 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. Quarry LP lifted its holdings in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after purchasing an additional 897 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in VICI Properties in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI opened at $31.51 on Thursday. 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 has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a market capitalization of $33.28 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.88 and a beta of 0.94. The company has a 50 day moving average of $30.84 and a 200-day moving average of $31.43.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. As a group, equities research analysts forecast that VICI Properties will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. VICI Properties’s dividend payout ratio is currently 67.58%.

VICI Properties Company Profile

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.