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VICI Properties (VICI) Stock Price, News & Analysis

$29.53
-0.59 (-1.96%)
(As of 05/22/2024 ET)
Today's Range
$29.48
$30.22
50-Day Range
$27.15
$30.51
52-Week Range
$26.63
$33.40
Volume
5.50 million shs
Average Volume
6.07 million shs
Market Capitalization
$30.81 billion
P/E Ratio
11.67
Dividend Yield
5.62%
Price Target
$34.18

VICI Properties MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
15.8% Upside
$34.18 Price Target
Short Interest
Healthy
1.90% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
1.06mentions of VICI Properties in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$86,550 Bought Last Quarter
Proj. Earnings Growth
4.44%
From $2.25 to $2.35 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.

4.63 out of 5 stars

Finance Sector

111th out of 821 stocks

Real Estate Investment Trusts Industry

20th out of 175 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

5 REITs That Just Received Price Target Increases
VICI Properties (NYSE:VICI) Price Target Raised to $32.00
The 7 Best Dividend Stocks to Buy in May 2024
In-Depth Examination Of 4 Analyst Recommendations For VICI Props
Q1 2024 VICI Properties Inc Earnings Call
What Wall Street expects from VICI Properties's earnings
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
5/22/2024
Next Earnings (Estimated)
7/24/2024
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
$34.18
High Stock Price Target
$41.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$2.51 billion
Pretax Margin
71.11%

Debt

Sales & Book Value

Annual Sales
$3.61 billion
Cash Flow
$2.42 per share
Book Value
$24.75 per share

Miscellaneous

Outstanding Shares
1,043,180,000
Free Float
1,040,574,000
Market Cap
$30.81 billion
Optionable
Optionable
Beta
0.90

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VICI Stock Analysis - Frequently Asked Questions

Should I buy or sell VICI Properties stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VICI Properties in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

11 analysts have issued 12-month price objectives for VICI Properties' stock. Their VICI share price targets range from $30.00 to $41.00. On average, they predict the company's stock price to reach $34.18 in the next year. This suggests a possible upside of 15.8% 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 shares have decreased by 7.4% and is now trading at $29.53.
View the best growth stocks for 2024 here
.

When is VICI Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our VICI earnings forecast
.

How were VICI Properties' earnings last quarter?

VICI Properties Inc. (NYSE:VICI) posted its quarterly earnings results on Wednesday, May, 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.09. The company earned $416.20 million during the quarter, compared to analysts' expectations of $410.84 million. VICI Properties had a trailing twelve-month return on equity of 10.33% and a net margin of 70.13%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS.

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

VICI Properties declared 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 5.62%. The ex-dividend date of this dividend 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 5.49%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VICI will have a dividend payout ratio of 70.64% 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 Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 2.220-2.250 for the period, compared to the consensus earnings per share estimate of 2.600. 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 initial public offering (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 served 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.73%), Capital International Investors (6.48%), Capital Research Global Investors (3.60%), Principal Financial Group Inc. (2.35%), Daiwa Securities Group Inc. (1.08%) and Bank of New York Mellon Corp (0.57%). 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 5/23/2024 by MarketBeat.com Staff

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