VICI Properties Inc (NYSE:VICI) has been given an average recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $25.50.
A number of equities research analysts recently commented on VICI shares. Morgan Stanley upgraded 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 report on Monday, August 26th. Wells Fargo & Co upgraded 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 report on Monday, July 1st. Finally, Zacks Investment Research downgraded shares of VICI Properties from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th.
In related news, insider John W. R. Payne purchased 10,635 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $21.18 per share, for a total transaction of $225,249.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward Baltazar Pitoniak purchased 15,200 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $21.29 per share, for a total transaction of $323,608.00. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc acquired a new position in shares of VICI Properties in the 3rd quarter valued at $37,000. Signaturefd LLC increased its stake in VICI Properties by 142.7% during the 2nd quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock worth $82,000 after buying an additional 2,182 shares during the period. Advisory Services Network LLC purchased a new stake in VICI Properties during the 2nd quarter worth $86,000. FNY Investment Advisers LLC purchased a new stake in VICI Properties during the 2nd quarter worth $88,000. Finally, Advisor Group Inc. increased its stake in VICI Properties by 19.0% during the 2nd quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock worth $119,000 after buying an additional 861 shares during the period.
Shares of VICI traded up $0.11 during mid-day trading on Wednesday, hitting $23.77. 4,110,327 shares of the company’s stock were exchanged, compared to its average volume of 3,901,348. VICI Properties has a fifty-two week low of $17.64 and a fifty-two week high of $23.85. The firm has a market capitalization of $10.93 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.94 and a beta of 0.83. The business’s 50 day moving average is $22.82 and its two-hundred day moving average is $22.23. The company has a current ratio of 179.91, a quick ratio of 179.91 and a debt-to-equity ratio of 0.51.
VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $220.75 million during the quarter, compared to the consensus estimate of $216.90 million. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that VICI Properties will post 1.44 earnings per share for the current year.
The firm also recently disclosed a 0.28750 dividend, which was paid on Thursday, October 10th. Stockholders of record on Friday, September 27th were paid a dividend of $0.2975 per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 5.3%. VICI Properties’s dividend payout ratio (DPR) is 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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