VICI Properties’ (VICI) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company restated their equal weight rating on shares of VICI Properties (NYSE:VICI) in a research note published on Tuesday morning, Marketbeat reports. They currently have a $32.00 target price on the stock, down from their prior target price of $36.00.

VICI has been the topic of a number of other research reports. Stifel Nicolaus dropped their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Thursday, November 13th. Mizuho increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Barclays boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

VICI Properties Price Performance

VICI opened at $29.56 on Tuesday. The firm has a market capitalization of $31.59 billion, a P/E ratio of 11.28, a PEG ratio of 3.00 and a beta of 0.72. The stock has a fifty day moving average of $31.34 and a 200-day moving average of $32.16. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties has a 12-month low of $27.98 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts forecast that VICI Properties will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. This is an increase from VICI Properties’s previous quarterly dividend of $0.43. VICI Properties’s payout ratio is 68.70%.

Institutional Investors Weigh In On VICI Properties

A number of large investors have recently bought and sold shares of VICI. Norges Bank bought a new position in shares of VICI Properties in the 2nd quarter valued at approximately $486,945,000. Price T Rowe Associates Inc. MD grew its holdings in VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock valued at $556,077,000 after purchasing an additional 11,458,239 shares during the last quarter. Nuveen LLC bought a new position in shares of VICI Properties in the first quarter valued at approximately $320,179,000. UBS Group AG raised its position in shares of VICI Properties by 99.5% in the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock valued at $314,886,000 after purchasing an additional 4,815,053 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock worth $241,229,000 after buying an additional 4,680,136 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.