VICI Properties Inc. (NYSE:VICI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on VICI Properties, with seven hold ratings and six buys. The average 12-month price target is $31.29, though several firms recently lowered their targets.
• Institutional ownership is substantial, with hedge funds and other institutions holding 97.71% of the company’s stock; BlackRock initiated a position worth approximately $3.43 billion during the second quarter.
• VICI reported quarterly revenue of $1.06 billion, exceeding estimates, but earnings per share of $0.62 fell short of the $0.71 consensus. The company pays a $0.45 quarterly dividend, equating to a 6.9% annualized yield.

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have earned a consensus rating of "Hold" from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $31.2857.

VICI has been the subject of a number of analyst reports. 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 note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Wells Fargo & Company decreased their target price on VICI Properties from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 15th. Scotiabank lowered their price target on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Thursday, June 18th. Finally, Cantor Fitzgerald cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in VICI Properties during the second quarter worth about $3,433,817,000. State Street Corp increased its holdings in shares of VICI Properties by 1.7% in the fourth quarter. State Street Corp now owns 63,619,919 shares of the company's stock worth $1,817,165,000 after acquiring an additional 1,080,992 shares in the last quarter. California State Teachers Retirement System raised its position in shares of VICI Properties by 2,482.5% during the second quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company's stock worth $1,262,755,000 after purchasing an additional 45,719,695 shares during the period. Geode Capital Management LLC raised its position in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company's stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of VICI Properties by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company's stock valued at $851,821,000 after purchasing an additional 2,305,719 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

VICI Properties stock opened at $26.05 on Thursday. The business's 50-day simple moving average is $26.51 and its 200 day simple moving average is $27.80. The stock has a market cap of $28.68 billion, a price-to-earnings ratio of 10.10 and a beta of 0.65. VICI Properties has a 12-month low of $25.81 and a 12-month high of $33.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, research analysts anticipate that VICI Properties will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. VICI Properties's dividend payout ratio (DPR) is 69.77%.

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.

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