VICI Properties Inc. (NYSE:VICI) Receives $35.18 Average PT from Brokerages

VICI Properties Inc. (NYSE:VICI - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.18.

Several research analysts have commented on the stock. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Barclays lifted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus increased their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st.

VICI Properties Price Performance

Shares of VICI Properties stock traded down $0.33 during trading on Tuesday, hitting $31.41. The stock had a trading volume of 4,155,285 shares, compared to its average volume of 7,084,838. The business has a fifty day moving average of $31.64 and a two-hundred day moving average of $31.07. VICI Properties has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The firm has a market cap of $33.19 billion, a P/E ratio of 12.27, a PEG ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same quarter in the previous year, the company posted $0.56 EPS. The business's revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts expect that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is 69.20%.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Atria Wealth Solutions Inc. raised its position in shares of VICI Properties by 145.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after purchasing an additional 24,159 shares during the period. Oxbow Advisors LLC bought a new position in VICI Properties during the fourth quarter worth $3,817,000. DigitalBridge Group Inc. acquired a new stake in VICI Properties during the fourth quarter worth about $4,282,000. Kestra Private Wealth Services LLC lifted its position in shares of VICI Properties by 67.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company's stock worth $975,000 after acquiring an additional 13,491 shares during the period. Finally, Atria Investments Inc raised its stake in shares of VICI Properties by 86.6% in the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock valued at $1,441,000 after purchasing an additional 22,897 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

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.