VICI Properties Inc (NYSE:VICI) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.83.
VICI has been the subject of a number of analyst reports. Zacks Investment Research upgraded VICI Properties from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, June 22nd. Wells Fargo & Co initiated coverage on VICI Properties in a research note on Wednesday, July 11th. They issued a “market perform” rating and a $22.00 price target for the company. Morgan Stanley raised their price target on VICI Properties from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, July 24th. Citigroup initiated coverage on VICI Properties in a research note on Thursday, August 2nd. They set a “neutral” rating and a $22.00 target price for the company. Finally, Credit Suisse Group initiated coverage on VICI Properties in a research note on Tuesday, August 14th. They set an “outperform” rating and a $24.00 target price for the company.
VICI stock opened at $20.64 on Friday. The company has a quick ratio of 152.87, a current ratio of 152.87 and a debt-to-equity ratio of 0.67. VICI Properties has a twelve month low of $17.58 and a twelve month high of $22.99.
VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $221.00 million during the quarter, compared to the consensus estimate of $214.19 million. Equities research analysts anticipate that VICI Properties will post 1.5 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Friday, September 28th were paid a dividend of $0.2875 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Thursday, September 27th.
Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. bought a new position in shares of VICI Properties during the 1st quarter worth approximately $106,000. Tower Research Capital LLC TRC bought a new position in shares of VICI Properties during the 2nd quarter worth approximately $120,000. United Services Automobile Association acquired a new stake in VICI Properties during the 2nd quarter worth approximately $204,000. CIBC Asset Management Inc acquired a new stake in VICI Properties during the 2nd quarter worth approximately $272,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in VICI Properties during the 2nd quarter worth approximately $283,000. Institutional investors own 99.79% of the company’s stock.
VICI Properties Company Profile
VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.
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