VICI Properties (NYSE:VICI) Upgraded to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of VICI Properties (NYSE:VICI) to a hold rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on VICI. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday. Barclays upped their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a report on Monday, May 4th. Scotiabank lowered their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Finally, Robert W. Baird dropped their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.86.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $26.50 on Thursday. The company has a market capitalization of $28.33 billion, a PE ratio of 9.08 and a beta of 0.65. The company has a 50-day simple moving average of $28.07 and a two-hundred day simple moving average of $28.31. VICI Properties has a one year low of $26.08 and a one year high of $34.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $0.58 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Research analysts expect that VICI Properties will post 2.46 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of VICI Properties by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 891,188 shares of the company’s stock worth $24,817,000 after purchasing an additional 173,013 shares in the last quarter. Bank of America Corp DE lifted its stake in VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after buying an additional 3,968,349 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of VICI Properties by 43.8% in the third quarter. California Public Employees Retirement System now owns 3,454,904 shares of the company’s stock valued at $112,664,000 after acquiring an additional 1,052,393 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of VICI Properties in the third quarter valued at approximately $13,926,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of VICI Properties by 24.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock worth $198,619,000 after acquiring an additional 1,406,897 shares during the last quarter. 97.71% of the stock is 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.