VICI Properties Inc. (NYSE:VICI) Given Average Rating of “Moderate Buy” by Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $35.07.

Several research firms have recently weighed in on VICI. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Finally, Mizuho increased their target price on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter valued at $28,000. Wayfinding Financial LLC purchased a new stake in VICI Properties during the first quarter worth about $29,000. CoreCap Advisors LLC raised its position in 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 acquiring an additional 1,000 shares during the period. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $33,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

VICI Properties stock opened at $31.57 on Friday. The stock has a 50-day moving average price of $31.82 and a two-hundred day moving average price of $31.10. VICI Properties has a 12 month low of $27.53 and a 12 month high of $34.29. The company has a market capitalization of $33.36 billion, a PE ratio of 12.33, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 EPS. Analysts expect that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.48%. VICI Properties’s dividend payout ratio (DPR) is 69.20%.

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.