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

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.18.

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

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors boosted its holdings in shares of VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock worth $1,592,283,000 after purchasing an additional 984,421 shares during the period. Geode Capital Management LLC raised its position in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after purchasing an additional 1,036,344 shares during the last quarter. Capital World Investors raised its holdings in VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after buying an additional 2,903,744 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after buying an additional 11,458,239 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $31.47 on Tuesday. The company has a fifty day moving average of $31.58 and a 200-day moving average of $31.05. The firm has a market capitalization of $33.25 billion, a P/E ratio of 12.29, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a twelve month low of $27.53 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $984.20 million during 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 firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. As a group, sell-side analysts anticipate that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties’s dividend payout ratio is presently 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.