VICI Properties Inc (NYSE:VICI) Receives Average Rating of “Buy” from Analysts

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Shares of VICI Properties Inc (NYSE:VICI) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.56.

A number of equities analysts have issued reports on VICI shares. Zacks Investment Research cut shares of VICI Properties from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Morgan Stanley raised shares of VICI Properties from an “equal” rating to a “weight” rating and raised their price objective for the company from $25.00 to $26.00 in a research note on Monday, August 26th. Finally, Wells Fargo & Co raised shares of VICI Properties from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $23.00 to $24.50 in a research note on Monday, July 1st.

In other news, CEO Edward Baltazar Pitoniak bought 15,200 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $21.29 per share, for a total transaction of $323,608.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John W. R. Payne bought 10,635 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $225,249.30. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. World Asset Management Inc raised its holdings in VICI Properties by 3.5% in the second quarter. World Asset Management Inc now owns 15,151 shares of the company’s stock worth $334,000 after purchasing an additional 508 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in VICI Properties by 0.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,986 shares of the company’s stock worth $2,380,000 after purchasing an additional 693 shares during the period. First Hawaiian Bank raised its holdings in VICI Properties by 3.4% in the third quarter. First Hawaiian Bank now owns 23,811 shares of the company’s stock worth $539,000 after purchasing an additional 793 shares during the period. Advisor Group Inc. raised its holdings in shares of VICI Properties by 19.0% during the second quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock worth $119,000 after acquiring an additional 861 shares during the period. Finally, NEXT Financial Group Inc acquired a new stake in shares of VICI Properties during the third quarter worth $37,000.

VICI opened at $23.60 on Wednesday. VICI Properties has a one year low of $17.64 and a one year high of $23.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 179.91 and a quick ratio of 179.91. The company’s 50 day simple moving average is $22.65 and its 200-day simple moving average is $22.18. The stock has a market capitalization of $10.67 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.83.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The firm had revenue of $220.75 million for the quarter, compared to analysts’ expectations of $216.90 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts anticipate that VICI Properties will post 1.44 EPS for the current year.

The firm also recently disclosed a 0.28750 dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were paid a $0.2975 dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 5.3%. VICI Properties’s payout ratio is presently 83.22%.

VICI Properties Company Profile

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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