VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 20th. Raymond James increased their target price on shares of VICI Properties from $36.00 to $38.00 and gave the company a "strong-buy" rating in a research report on Friday, July 8th. The Goldman Sachs Group increased their target price on shares of VICI Properties from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, May 19th. Evercore ISI reiterated an "outperform" rating and issued a $37.00 target price on shares of VICI Properties in a research report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. started coverage on shares of VICI Properties in a report on Tuesday, May 3rd. They issued an "overweight" rating for the company. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, VICI Properties currently has an average rating of "Buy" and a consensus target price of $35.82.
VICI Properties Stock Performance
Shares of NYSE:VICI opened at $34.81 on Thursday. The stock's fifty day moving average is $31.63 and its 200 day moving average is $29.59. The stock has a market capitalization of $33.53 billion, a P/E ratio of 34.47, a PEG ratio of 2.04 and a beta of 0.96. VICI Properties has a 52 week low of $26.23 and a 52 week high of $35.05.
VICI Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Thursday, June 23rd were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, June 22nd. This represents a $1.44 annualized dividend and a dividend yield of 4.14%. VICI Properties's payout ratio is 142.58%.