Brokerages Set VICI Properties Inc. (NYSE:VICI) Price Target at $32.69

VICI Properties Inc. (NYSE:VICI) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.5714.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research note on Monday, May 4th. Morgan Stanley decreased their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday. Scotiabank lowered their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Barclays boosted their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th.

VICI Properties Price Performance

VICI stock opened at $25.98 on Wednesday. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $27.77 billion, a P/E ratio of 8.90 and a beta of 0.65. The business has a 50 day simple moving average of $27.66 and a 200-day simple moving average of $28.19. VICI Properties has a twelve month low of $25.82 and a twelve month high of $34.01.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.71 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. VICI Properties’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities analysts anticipate that VICI Properties will post 2.46 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. VICI Properties’s dividend payout ratio is presently 61.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayban purchased a new stake in VICI Properties in the 4th quarter valued at approximately $25,000. Dynamic Wealth Strategies LLC purchased a new position in shares of VICI Properties during the 1st quarter worth approximately $25,000. State of Wyoming purchased a new position in shares of VICI Properties during the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties in the 4th quarter valued at approximately $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the second quarter valued at approximately $28,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Company Profile

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.