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

Shares of VICI Properties Inc. (NYSE:VICI) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $35.3846.

VICI has been the subject of several analyst reports. Cantor Fitzgerald lowered their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Mizuho raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Evercore ISI cut their price objective on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Finally, Scotiabank raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th.

VICI Properties Trading Down 0.3%

VICI opened at $28.73 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The company’s 50 day moving average price is $31.00 and its two-hundred day moving average price is $32.08. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.87 and a beta of 0.72.

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

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a dividend of $0.45 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s payout ratio is 68.70%.

Institutional Trading of VICI Properties

A number of institutional investors have recently bought and sold shares of VICI. Norges Bank acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $486,945,000. Price T Rowe Associates Inc. MD grew its stake 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 worth $556,077,000 after purchasing an additional 11,458,239 shares during the period. Nuveen LLC bought a new stake in VICI Properties in the first quarter worth approximately $320,179,000. UBS Group AG lifted its stake in 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 buying an additional 4,815,053 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of VICI Properties by 172.4% during the 1st 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 in the last quarter. Institutional investors 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.