VICI Properties Inc. (NYSE:VICI) Receives $34.63 Average Target Price from Brokerages

VICI Properties Inc. (NYSE:VICI) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.63.

A number of equities research analysts recently weighed in on VICI shares. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lifted their price target on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th.

VICI Properties Price Performance

VICI stock opened at $32.56 on Monday. The stock has a 50-day moving average price of $31.61 and a two-hundred day moving average price of $31.15. The company has a market cap of $34.40 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 12-month low of $27.53 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. As a group, research analysts predict that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. VICI Properties’s dividend payout ratio is presently 67.58%.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Transce3nd LLC purchased a new position in VICI Properties in the fourth quarter worth about $28,000. AdvisorNet Financial Inc boosted its holdings in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock worth $33,000 after purchasing an additional 786 shares during the period. CoreCap Advisors LLC increased its position in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. Finally, Quarry LP lifted its position in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after buying an additional 897 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.