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NYSE:VICI

VICI Properties (VICI) Stock Price, News & Analysis

$27.20
+0.05 (+0.18%)
(As of 04:28 PM ET)
Today's Range
$27.17
$27.50
50-Day Range
$27.15
$30.05
52-Week Range
$26.63
$34.05
Volume
4.06 million shs
Average Volume
6.18 million shs
Market Capitalization
$28.37 billion
P/E Ratio
10.97
Dividend Yield
6.10%
Price Target
$34.36

VICI Properties MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
26.3% Upside
$34.36 Price Target
Short Interest
Healthy
1.92% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
0.91mentions of VICI Properties in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$86,550 Bought Last Quarter
Proj. Earnings Growth
3.11%
From $2.25 to $2.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.96 out of 5 stars

Finance Sector

28th out of 834 stocks

Real Estate Investment Trusts Industry

2nd out of 178 stocks

VICI stock logo

About VICI Properties Stock (NYSE:VICI)

VICI Properties Inc. is a prominent real estate investment trust (REIT) specializing in owning, acquiring, and developing gaming, hospitality, and entertainment properties. The company, founded in July 2016, has established itself as a key player in the market, offering a diverse portfolio of properties that cater to a wide range of customers.

VICI Properties operates with a clear mission to provide high-quality real estate assets that enhance the gaming, hospitality, and entertainment experiences of its customers. Headquartered in New York, NY, the company has strategically positioned itself to capitalize on the thriving gaming and entertainment sectors. Its extensive portfolio includes leased properties and four golf courses, allowing VICI Properties to cater to a broad spectrum of consumers.

With a keen focus on delivering exceptional services and experiences, VICI Properties targets customers who seek immersive and memorable entertainment options. The company aims to attract leading players in the gaming and hospitality industries by offering prime real estate assets in key locations.

VICI Properties is led by a competent and experienced management team that brings diverse skills and expertise to the table. Chief Executive Officer and Director Edward Baltazar Pitoniak spearheads the company's strategic direction, leveraging his deep understanding of the real estate and gaming sectors. President and Chief Operating Officer John W. R. Payne complements the team with his operational acumen, ensuring efficient execution of the company's growth strategies.

VICI Properties has demonstrated impressive financial performance, exhibiting growth and stability in recent years. The company has established a strong revenue base, with annual sales increasing yearly. Its profitability is evident through net margins that are around 45%. Additionally, a healthy return on equity of about 8% and a return on assets of approximately 4% further emphasize the company's financial strength.

VICI Properties operates within the broader real estate investment trust (REIT) industry, specifically focusing on gaming, hospitality, and entertainment properties. The REIT sector has experienced significant growth in recent years, driven by increasing demand for high-quality real estate assets and a flourishing gaming and entertainment market.

Its diverse portfolio and strategic locations strengthen the company's competitive position. VICI Properties benefits from growing consumer interest in these markets by owning and developing properties in key gaming and entertainment destinations.

Moreover, VICI Properties enjoys certain advantages over its peers. Its established relationships with leading players in the gaming and hospitality sectors provide a strong foundation for future growth and collaboration. Additionally, the company's extensive property management and development expertise enhances its ability to identify and capitalize on emerging trends and opportunities.

VICI Properties is well-positioned to capitalize on several growth opportunities within its target markets. The company's robust financial position and established industry relationships enable it to pursue strategic initiatives such as acquisitions, property developments, and expansions into new markets.

One notable growth opportunity lies in the expansion of the gaming and entertainment industry, both domestically and internationally. VICI Properties can leverage its expertise and portfolio to partner with gaming operators and developers, providing them with the essential real estate assets required for their expansion plans.

Furthermore, the company can explore avenues for diversification and expansion beyond its core markets. For example, identifying emerging trends in the hospitality and entertainment sectors and strategically acquiring properties in those areas can allow VICI Properties to capture new customer segments and drive long-term growth.

As with any investment, VICI Properties faces risks and challenges that could impact its future performance. One notable risk is the potential impact of economic downturns or fluctuations in consumer spending patterns. During periods of economic uncertainty, consumer demand for gaming and entertainment experiences may decline, affecting the occupancy rates and financial performance of VICI Properties' properties.

Additionally, the regulatory environment surrounding the gaming industry is subject to change. Shifts in gaming laws, tax regulations, or licensing requirements can significantly impact the operations and profitability of companies within the sector. VICI Properties must remain vigilant and adapt its strategies to comply with evolving regulations and mitigate associated risks.

Moreover, the company faces competition from other real estate players in the industry. Competitors with similar portfolios and strategic locations may pose challenges in terms of attracting tenants, negotiating favorable lease agreements, and securing new acquisitions. VICI Properties must continue differentiating itself through its unique value proposition and competitive advantages. Building and maintaining strong relationships with key gaming and hospitality operators is crucial to its success. By offering prime real estate assets in desirable locations, the company can position itself as the preferred partner for industry leaders, providing them with the necessary infrastructure to enhance their operations and customer experiences.

Furthermore, VICI Properties can leverage its property management and development expertise to deliver innovative and tailored solutions to its tenants. This may include implementing state-of-the-art technologies, creating immersive and engaging environments, or providing customized amenities to cater to evolving consumer preferences.

VICI Properties can adopt proactive strategies to mitigate risks associated with economic fluctuations, such as maintaining a diversified portfolio across various markets and asset classes. This diversification can help offset potential downturns in specific regions or sectors, ensuring a more resilient and stable revenue stream.

Risk management should also be a priority for VICI Properties. Implementing rigorous due diligence processes for potential acquisitions, monitoring and assessing regulatory changes, and maintaining strong governance practices are essential to mitigate risks and ensure compliance with industry standards and regulations.

VICI Stock Price History

VICI Stock News Headlines

Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
VICI Properties (VICI) Receives a Buy from KeyBanc
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Brokerages Set VICI Properties Inc. (NYSE:VICI) PT at $34.58
VICI Apr 2024 30.000 call
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 4/4 Dividend
3/20/2024
Dividend Payable
4/04/2024
Today
4/17/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
28
Year Founded
2016

Price Target and Rating

Average Stock Price Target
$34.36
High Stock Price Target
$41.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+26.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$2.51 billion
Pretax Margin
70.56%

Debt

Sales & Book Value

Annual Sales
$3.61 billion
Cash Flow
$2.44 per share
Book Value
$24.80 per share

Miscellaneous

Outstanding Shares
1,043,140,000
Free Float
1,040,529,000
Market Cap
$28.32 billion
Optionable
Optionable
Beta
0.90

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Should I Buy VICI Properties Stock? VICI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in VICI Properties Inc.:

  • VICI Properties Inc. has a strong market capitalization of $30.53 billion, indicating stability and potential for growth.
  • The company's current ratio of 2.97 and quick ratio of 2.97 suggest a healthy financial position and ability to meet short-term obligations.
  • With a price-to-earnings ratio of 11.80, VICI Properties Inc. may be considered undervalued compared to industry peers, presenting a potential buying opportunity.
  • Analysts have given VICI Properties Inc. a consensus rating of "Moderate Buy" with a price target of $34.69, indicating positive sentiment and growth potential.
  • Recent institutional investments and stake increases by reputable firms like Asset Management One Co. Ltd. demonstrate confidence in the company's future performance.

Cons

Investors should be bearish about investing in VICI Properties Inc. for these reasons:

  • The company's P/E/G ratio of 6.49 may indicate overvaluation relative to its growth prospects, potentially limiting short-term gains.
  • VICI Properties Inc. experienced a decrease in holdings by Wellington Management Group LLP, which could signal concerns among institutional investors.
  • Despite positive analyst ratings, some brokerages have lowered price targets for VICI Properties Inc., suggesting potential challenges in achieving expected growth.
  • The stock price of VICI Properties Inc. has shown volatility, trading between a 52-week low of $26.63 and a high of $34.05, which may pose risks for investors.
  • High ownership by hedge funds and institutional investors (over 96%) could lead to increased market sensitivity and potential sell-offs in times of market uncertainty.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these VICI Properties pros and cons to contact@marketbeat.com.

VICI Stock Analysis - Frequently Asked Questions

Should I buy or sell VICI Properties stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for VICI Properties in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VICI shares.
View VICI analyst ratings
or view top-rated stocks.

What is VICI Properties' stock price target for 2024?

10 brokerages have issued 12 month price objectives for VICI Properties' shares. Their VICI share price targets range from $30.00 to $41.00. On average, they anticipate the company's stock price to reach $34.36 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
View analysts price targets for VICI
or view top-rated stocks among Wall Street analysts.

How have VICI shares performed in 2024?

VICI Properties' stock was trading at $31.88 at the beginning of the year. Since then, VICI stock has decreased by 14.7% and is now trading at $27.20.
View the best growth stocks for 2024 here
.

Are investors shorting VICI Properties?

VICI Properties saw a drop in short interest in March. As of March 15th, there was short interest totaling 21,070,000 shares, a drop of 15.5% from the February 29th total of 24,930,000 shares. Based on an average daily trading volume, of 6,130,000 shares, the days-to-cover ratio is presently 3.4 days.
View VICI Properties' Short Interest
.

When is VICI Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our VICI earnings forecast
.

How can I listen to VICI Properties' earnings call?

VICI Properties will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 204-525-0658 with passcode "949359".

How were VICI Properties' earnings last quarter?

VICI Properties Inc. (NYSE:VICI) announced its quarterly earnings results on Wednesday, May, 4th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.44 by $0.09. The firm had revenue of $416.20 million for the quarter, compared to analyst estimates of $410.84 million. VICI Properties had a net margin of 69.59% and a trailing twelve-month return on equity of 10.26%. The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS.

How often does VICI Properties pay dividends? What is the dividend yield for VICI Properties?

VICI Properties announced a quarterly dividend on Thursday, March 7th. Investors of record on Thursday, March 21st will be paid a dividend of $0.415 per share on Thursday, April 4th. This represents a $1.66 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Wednesday, March 20th.
Read our dividend analysis for VICI
.

Is VICI Properties a good dividend stock?

VICI Properties (NYSE:VICI) pays an annual dividend of $1.66 per share and currently has a dividend yield of 6.02%. VICI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 66.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VICI will have a dividend payout ratio of 71.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VICI.

What guidance has VICI Properties issued on next quarter's earnings?

VICI Properties updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of 2.220-2.250 for the period, compared to the consensus earnings per share estimate of 2.560. The company issued revenue guidance of -.

What other stocks do shareholders of VICI Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other VICI Properties investors own include AT&T (T), Pfizer (PFE), Intel (INTC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), CVS Health (CVS), Verizon Communications (VZ), AbbVie (ABBV), Walt Disney (DIS) and Alibaba Group (BABA).

When did VICI Properties IPO?

VICI Properties (VICI) raised $1 billion in an IPO on Thursday, February 1st 2018. The company issued 50,000,000 shares at a price of $19.00-$21.00 per share. Morgan Stanley, Goldman Sachs and BofA Merrill Lynch acted as the underwriters for the IPO and Barclays, Citigroup, Deutsche Bank Securities, Co-Managers, Credit Suisse, UBS Investment Bank, Stifel, Citizens Capital Markets, Wells Fargo Securities, Nomura and Union Gaming were co-managers.

Who are VICI Properties' major shareholders?

VICI Properties' stock is owned by a variety of retail and institutional investors. Top institutional investors include Hazelview Securities Inc. (0.09%), Wilsey Asset Management Inc. (0.08%), Sound Income Strategies LLC (0.04%), CHURCHILL MANAGEMENT Corp (0.03%), Los Angeles Capital Management LLC (0.02%) and Pensionfund DSM Netherlands (0.02%). Insiders that own company stock include Gabriel Wasserman, James R Abrahamson, John W R Payne, Michael D Rumbolz and Samantha Sacks Gallagher.
View institutional ownership trends
.

How do I buy shares of VICI Properties?

Shares of VICI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:VICI) was last updated on 4/17/2024 by MarketBeat.com Staff

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