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

VICI Properties Inc. (NYSE:VICI - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $34.63.

VICI has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th.

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.03 during trading hours on Monday, reaching $32.08. The company's stock had a trading volume of 3,617,276 shares, compared to its average volume of 5,998,295. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company's 50 day simple moving average is $31.47 and its 200 day simple moving average is $31.15. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The stock has a market cap of $33.90 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. boosted its holdings in shares of VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after acquiring an additional 24,159 shares during the period. Oxbow Advisors LLC acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $3,817,000. CHURCHILL MANAGEMENT Corp raised its position in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock worth $9,103,000 after purchasing an additional 8,834 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its position in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after purchasing an additional 130,000 shares during the period. Finally, Brookstone Capital Management acquired a new position in VICI Properties in the fourth quarter valued at $359,000. 97.71% of the stock is owned by institutional investors and hedge funds.

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.