VICI Properties Inc. (NYSE:VICI) Stock Has Consensus Price Target of $30.00 According to Brokerages

Shares of VICI Properties Inc. (NYSE:VICI) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $30.00.

A number of equities analysts have recently issued reports on the company. Citizens Jmp lowered their price objective on VICI Properties from $35.00 to $31.00 and set a “market outperform” rating for the company in a research report on Friday, October 2nd. Wells Fargo & Company reduced their target price on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Morgan Stanley reduced their target price on VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 15th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st.

VICI Properties Stock Performance

NYSE VICI opened at $23.59 on Friday. The firm’s fifty day moving average price is $24.63 and its two-hundred day moving average price is $26.52. The stock has a market cap of $25.97 billion, a PE ratio of 9.14 and a beta of 0.65. VICI Properties has a fifty-two week low of $22.42 and a fifty-two week high of $31.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities analysts expect that VICI Properties will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 7.8%. VICI Properties’s dividend payout ratio is presently 71.32%.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bayban bought a new stake in VICI Properties during the 4th quarter valued at $25,000. Dynamic Wealth Strategies LLC bought a new position in VICI Properties in the 1st quarter valued at about $25,000. Reflection Asset Management bought a new position in VICI Properties in the 4th quarter valued at about $29,000. Sachetta LLC boosted its stake in VICI Properties by 213.1% during the 1st quarter. Sachetta LLC now owns 1,171 shares of the company’s stock valued at $32,000 after purchasing an additional 797 shares during the last quarter. Finally, Silvant Capital Management LLC acquired a new position in VICI Properties during the 2nd quarter valued at about $33,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Company Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.