VICI Properties Inc. (NYSE:VICI) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• VICI Properties Inc. has received a consensus rating of "Moderate Buy" from analysts, with 11 out of 14 brokerage firms recommending a buy.
• The company recently increased its quarterly dividend to $0.45, representing an annualized yield of 5.4% and reflecting a strong financial performance with a net margin of 70.20%.
• VICI Properties' stock has a 1-year price range of $27.98 to $34.29 and is currently trading around $33.14.

VICI Properties Inc. (NYSE:VICI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $35.75.

A number of equities analysts have recently weighed in on the stock. JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Scotiabank upped 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, August 28th. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st.

Institutional Investors Weigh In On VICI Properties

A number of large investors have recently bought and sold shares of VICI. Norges Bank bought a new stake in VICI Properties in the second quarter worth $486,945,000. Price T Rowe Associates Inc. MD boosted its holdings in VICI Properties by 205.0% during 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 acquiring an additional 11,458,239 shares during the period. Nuveen LLC bought a new stake in VICI Properties during the first quarter valued at about $320,179,000. Deutsche Bank AG boosted its holdings in VICI Properties by 172.4% during the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after acquiring an additional 4,680,136 shares during the period. Finally, American Century Companies Inc. lifted its stake 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 period. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Up 0.1%

NYSE VICI opened at $33.14 on Thursday. VICI Properties has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $35.34 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 3.31 and a beta of 0.70. The firm's fifty day simple moving average is $33.16 and its 200-day simple moving average is $32.36.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties's revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. This is a boost from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Thursday, September 18th. VICI Properties's dividend payout ratio is currently 66.28%.

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.

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