VICI Properties Inc. (NYSE:VICI) Receives $35.42 Average PT from Brokerages

Shares of VICI Properties Inc. (NYSE:VICI) have earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $35.42.

Several brokerages recently issued reports on VICI. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Mizuho raised their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Stifel Nicolaus raised their target price on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VICI. Norges Bank acquired a new position in shares of VICI Properties during the fourth quarter valued at $419,932,000. Price T Rowe Associates Inc. MD raised its position in VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares in the last quarter. Nuveen LLC bought a new stake in VICI Properties in the first quarter worth about $320,179,000. Deutsche Bank AG raised its position in VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after acquiring an additional 4,680,136 shares in the last quarter. Finally, American Century Companies Inc. raised its position in VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock worth $269,197,000 after acquiring an additional 3,707,396 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI opened at $33.33 on Friday. The business’s fifty day moving average price is $32.02 and its 200 day moving average price is $31.16. VICI Properties has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a market capitalization of $35.22 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 3.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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 return on equity of 9.88% and a net margin of 67.81%. The firm had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. During the same period last year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts forecast 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. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Wednesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 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.