VICI Properties Inc. (NYSE:VICI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• VICI Properties Inc. has received a consensus recommendation of "Moderate Buy" from twelve research firms, with an average 1-year price target set at $35.40.
• Recent price target increases from analysts include Stifel Nicolaus raising their target to $35.00 and Truist Financial lifting it to $38.00, reflecting positive sentiment about the company’s performance.
• The company announced a quarterly dividend of $0.4325, translating to an annual yield of 5.3%, and has a payout ratio of 66.28%.

VICI Properties Inc. (NYSE:VICI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $35.40.

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial lifted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th.

Hedge Funds Weigh In On VICI Properties

Several institutional investors have recently modified their holdings of VICI. Norges Bank purchased a new stake in shares of VICI Properties in the second quarter valued at about $486,945,000. Price T Rowe Associates Inc. MD raised its holdings in shares of VICI Properties by 205.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after buying an additional 11,458,239 shares during the last quarter. Nuveen LLC purchased a new stake in shares of VICI Properties in the first quarter valued at about $320,179,000. Deutsche Bank AG raised its holdings in shares of VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after buying an additional 4,680,136 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of VICI Properties by 81.6% in the first quarter. American Century Companies Inc. now owns 8,252,528 shares of the company's stock valued at $269,197,000 after buying an additional 3,707,396 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 0.2%

Shares of VICI Properties stock opened at $32.53 on Friday. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.25 and a beta of 0.68. The business has a 50-day moving average price of $32.86 and a 200-day moving average price of $31.98. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties has a twelve month low of $27.98 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Equities research analysts anticipate that VICI Properties will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.3%. VICI Properties's payout ratio is presently 66.28%.

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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