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

Shares of VICI Properties Inc. (NYSE:VICI) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $34.20.

A number of research analysts have issued reports on VICI shares. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Stifel Nicolaus raised their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th.

VICI Properties Trading Up 0.5 %

Shares of NYSE:VICI opened at $32.51 on Friday. The business’s 50-day moving average is $29.89 and its 200 day moving average is $31.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a market capitalization of $34.34 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, research analysts predict that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is presently 67.58%.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning boosted its holdings in VICI Properties by 4.2% during the third quarter. Creative Planning now owns 74,125 shares of the company’s stock worth $2,469,000 after buying an additional 2,971 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of VICI Properties by 103.9% during the 3rd quarter. Blue Trust Inc. now owns 3,526 shares of the company’s stock worth $117,000 after acquiring an additional 1,797 shares in the last quarter. Greenleaf Trust grew its position in shares of VICI Properties by 5.0% during the 3rd quarter. Greenleaf Trust now owns 14,119 shares of the company’s stock valued at $470,000 after acquiring an additional 669 shares during the period. International Assets Investment Management LLC increased its stake in shares of VICI Properties by 4,877.4% in the 3rd quarter. International Assets Investment Management LLC now owns 247,427 shares of the company’s stock valued at $8,242,000 after purchasing an additional 242,456 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in VICI Properties by 15.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 29,188 shares of the company’s stock worth $972,000 after purchasing an additional 3,864 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Company Profile

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.