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

Shares of VICI Properties Inc. (NYSE:VICI) have received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $34.20.

VICI has been the topic of several research analyst reports. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Barclays decreased their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th.

Institutional Trading of VICI Properties

Hedge funds have recently made changes to their positions in the company. Transce3nd LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC grew its position in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth approximately $33,000. Finally, Quarry LP grew its position in shares of VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after buying an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $31.25 on Friday. The company has a market cap of $32.95 billion, a P/E ratio of 12.21, a P/E/G ratio of 3.88 and a beta of 0.95. The firm’s 50 day moving average is $29.59 and its two-hundred day moving average is $31.43. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Analysts expect that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.54%. VICI Properties’s dividend payout ratio is currently 67.58%.

About VICI Properties

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.