VICI Properties Inc. (NYSE:VICI) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• VICI Properties Inc. has received a consensus rating of "Moderate Buy" from 16 analysts, with a 1-year price target averaging $36.00.
• The company recently increased its quarterly dividend to $0.45, reflecting a yield of 5.5%, up from the previous $0.43.
• VICI Properties reported earnings of $0.60 per share for the last quarter, meeting analysts' expectations and showing a year-over-year revenue increase of 4.6%.

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $36.00.

Several research analysts have weighed in on the company. Evercore ISI increased their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Mizuho increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Scotiabank increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Weiss Ratings restated a "buy (b-)" rating on shares of VICI Properties in a research report on Saturday, September 27th. Finally, Cantor Fitzgerald initiated coverage on VICI Properties in a research report on Wednesday. They issued an "overweight" rating and a $37.00 price target on the stock.

VICI Properties Trading Down 0.3%

Shares of VICI Properties stock opened at $32.65 on Monday. VICI Properties has a 12-month low of $27.98 and a 12-month high of $34.03. The stock has a market cap of $34.81 billion, a P/E ratio of 12.51, a P/E/G ratio of 3.25 and a beta of 0.72. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $32.90 and its 200-day moving average is $32.37.

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, meeting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the prior year, the business earned $0.57 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts predict 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.5%. This is a boost from VICI Properties's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties's payout ratio is 68.97%.

Institutional Trading of VICI Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of VICI Properties in the second quarter worth approximately $486,945,000. Price T Rowe Associates Inc. MD lifted its stake 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 worth $556,077,000 after acquiring an additional 11,458,239 shares during the period. Nuveen LLC acquired a new position in shares of VICI Properties in the first quarter worth approximately $320,179,000. Deutsche Bank AG lifted its stake 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 worth $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 worth $269,197,000 after acquiring an additional 3,707,396 shares during the period. 97.71% of the stock is currently owned by institutional investors.

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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