VICI Properties Inc. (NYSE:VICI) Receives $35.07 Average PT from Brokerages

Shares of VICI Properties Inc. (NYSE:VICI) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $35.07.

A number of equities analysts have issued reports on VICI shares. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Barclays raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Robert W. Baird lifted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.89 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties has a one year low of $27.53 and a one year high of $34.29. The company’s 50-day simple moving average is $31.81 and its 200-day simple moving average is $31.07. The stock has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. During the same quarter last year, the company posted $0.56 earnings per share. VICI Properties’s revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.42%. VICI Properties’s payout ratio is 69.20%.

Institutional Investors Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VICI. Wilmington Savings Fund Society FSB bought a new stake in VICI Properties during the third quarter worth approximately $125,000. Czech National Bank raised its holdings in VICI Properties by 7.1% during the fourth quarter. Czech National Bank now owns 228,566 shares of the company’s stock worth $6,676,000 after purchasing an additional 15,246 shares in the last quarter. Brookstone Capital Management bought a new stake in VICI Properties during the fourth quarter worth approximately $359,000. Capital Investment Advisors LLC raised its holdings in VICI Properties by 22.5% during the fourth quarter. Capital Investment Advisors LLC now owns 339,067 shares of the company’s stock worth $9,904,000 after purchasing an additional 62,307 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in VICI Properties during the fourth quarter worth approximately $263,000. Institutional investors own 97.71% of the company’s stock.

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.