VICI Properties Inc. (NYSE:VICI – Free Report) – Investment analysts at Capital One Financial lifted their FY2024 EPS estimates for shares of VICI Properties in a report issued on Tuesday, October 8th. Capital One Financial analyst D. Guglielmo now anticipates that the company will post earnings of $2.27 per share for the year, up from their previous estimate of $2.26. The consensus estimate for VICI Properties’ current full-year earnings is $2.26 per share. Capital One Financial also issued estimates for VICI Properties’ Q1 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.59 EPS and FY2025 earnings at $2.34 EPS.
Several other equities research analysts have also recently commented on VICI. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Finally, Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.00.
VICI Properties Trading Down 0.3 %
VICI opened at $32.24 on Wednesday. The stock has a market capitalization of $33.63 billion, a P/E ratio of 12.74, a P/E/G ratio of 5.09 and a beta of 0.93. VICI Properties has a 12 month low of $26.63 and a 12 month high of $34.29. The firm’s fifty day simple moving average is $32.68 and its 200 day simple moving average is $30.26. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VICI. Cohen & Steers Inc. increased its stake in shares of VICI Properties by 132.0% during the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after purchasing an additional 19,788,229 shares during the last quarter. Vanguard Group Inc. grew its stake in VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares during the last quarter. Capital International Investors grew its stake in VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after buying an additional 4,728,903 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after buying an additional 3,109,028 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after buying an additional 3,001,793 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.37%. VICI Properties’s payout ratio is currently 68.38%.
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.
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