VICI Properties Inc. (NYSE:VICI) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Wall Street’s consensus rating is “Hold”: Eight of 15 analysts rate VICI Properties a hold, while seven recommend buying. The average 12-month price target is $30, versus a recent share price of $23.43.
• Institutional ownership remains high: Institutional investors own 97.71% of VICI, with firms including Amundi, UBS Asset Management and Bank of America increasing their positions.
• VICI raised its quarterly dividend to $0.46 per share, equivalent to a $1.84 annualized payout and a 7.9% yield. The company reported revenue growth of 5.7% year over year, though quarterly EPS fell short of analyst expectations.

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen ratings firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.00.

Several research firms recently commented on VICI. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research report on Thursday, July 30th. Wells Fargo & Company reduced their target price on shares of VICI Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 target price for the company. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Friday, October 2nd. Finally, Citizens Jmp dropped their price target on VICI Properties from $35.00 to $31.00 and set a "market outperform" rating on the stock in a research note on Friday, October 2nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company's stock worth $284,060,000 after acquiring an additional 349,262 shares in the last quarter. Amundi raised its holdings in shares of VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company's stock valued at $205,182,000 after purchasing an additional 1,344,994 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $4,858,000. The Manufacturers Life Insurance Company lifted its position in shares of VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company's stock worth $29,147,000 after purchasing an additional 177,238 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock worth $763,553,000 after purchasing an additional 734,068 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $23.43 on Friday. 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 has a twelve month low of $22.42 and a twelve month high of $31.69. The firm's 50 day moving average price is $24.69 and its two-hundred day moving average price is $26.55. The firm has a market cap of $25.80 billion, a P/E ratio of 9.08 and a beta of 0.65.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results 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). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.60 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts forecast that VICI Properties will post 2.47 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This is an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties's payout ratio is currently 71.32%.

VICI Properties Company Profile

VICI Properties Inc NYSE: VICI is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI's portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.

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