VICI Properties Inc. (NYSE:VICI) Receives Consensus Rating of “Moderate Buy” from Brokerages

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $34.3571.

A number of equities analysts have weighed in on VICI shares. Evercore ISI reissued an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Scotiabank boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. The Goldman Sachs Group cut their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Barclays decreased their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd.

VICI Properties Stock Performance

Shares of VICI stock opened at $27.70 on Friday. The company has a fifty day moving average price of $29.56 and a two-hundred day moving average price of $31.64. VICI Properties has a one year low of $27.63 and a one year high of $34.03. The stock has a market cap of $29.61 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. VICI Properties’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities analysts predict that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. VICI Properties’s payout ratio is presently 68.70%.

Institutional Investors Weigh In On VICI Properties

Hedge funds have recently bought and sold shares of the stock. Cresset Asset Management LLC grew its position in shares of VICI Properties by 172.2% in the first quarter. Cresset Asset Management LLC now owns 27,388 shares of the company’s stock valued at $905,000 after purchasing an additional 17,327 shares during the last quarter. Wellington Management Group LLP boosted its stake in VICI Properties by 33.2% in the 1st quarter. Wellington Management Group LLP now owns 139,949 shares of the company’s stock valued at $4,565,000 after purchasing an additional 34,903 shares during the period. Quantbot Technologies LP acquired a new position in VICI Properties in the 1st quarter valued at $155,000. Banco Bilbao Vizcaya Argentaria S.A. increased its position in VICI Properties by 5.4% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 24,507 shares of the company’s stock worth $799,000 after buying an additional 1,253 shares during the period. Finally, Candriam S.C.A. bought a new position in VICI Properties during the 1st quarter worth $1,594,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.