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

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.38.

Several analysts have weighed in on the stock. Robert W. Baird boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Truist Financial increased their price target 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. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday. Finally, Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of VICI Properties during the first quarter worth about $29,000. Transce3nd LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at $28,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties during the 2nd quarter worth $33,000. AdvisorNet Financial Inc raised its position in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after purchasing an additional 786 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 2.1%

VICI Properties stock opened at $33.45 on Wednesday. VICI Properties has a 52 week low of $27.98 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market capitalization of $35.34 billion, a P/E ratio of 13.38, a PEG ratio of 4.20 and a beta of 0.70. The stock has a 50-day simple moving average of $32.35 and a 200 day simple moving average of $31.52.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same period in the previous year, the business earned $0.56 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. Analysts expect that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.17%. VICI Properties's dividend payout ratio is 69.20%.

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.

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