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

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $35.07.

VICI has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted 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 lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd.

VICI Properties Trading Up 1.0%

VICI Properties 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. The firm has a market cap of $33.70 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties has a 1 year low of $27.53 and a 1 year high of $34.29. The firm’s 50 day moving average price is $31.81 and its two-hundred day moving average price is $31.07.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $976.51 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that VICI Properties will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

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

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently modified their holdings of VICI. Wilmington Savings Fund Society FSB purchased a new position in shares of VICI Properties during the 3rd quarter valued at $125,000. Czech National Bank boosted its holdings in VICI Properties by 7.1% in 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 in the fourth quarter worth $359,000. Capital Investment Advisors LLC boosted its holdings in VICI Properties by 22.5% in 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 in the fourth quarter worth $263,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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.