Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $34.20.
Several equities analysts have weighed in on the stock. 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. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Stifel Nicolaus increased their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th.
View Our Latest Stock Report on VICI
Institutional Trading of VICI Properties
Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in shares of VICI Properties by 0.3% during the 4th quarter. California State Teachers Retirement System now owns 1,773,049 shares of the company's stock valued at $51,791,000 after purchasing an additional 5,821 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in VICI Properties by 141.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 237,634 shares of the company's stock valued at $6,941,000 after buying an additional 139,040 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of VICI Properties by 37.4% in the fourth quarter. Centaurus Financial Inc. now owns 52,164 shares of the company's stock worth $1,524,000 after buying an additional 14,192 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of VICI Properties during the 4th quarter worth about $64,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of VICI Properties during the 4th quarter valued at about $395,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Trading Down 1.6 %
Shares of NYSE VICI traded down $0.51 during mid-day trading on Thursday, hitting $31.51. 14,680,524 shares of the company traded hands, compared to its average volume of 5,545,743. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.88 and a beta of 0.94. The business has a 50 day moving average of $30.84 and a two-hundred day moving average of $31.43.
VICI Properties (NYSE:VICI - Get Free Report) last posted 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). The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, sell-side analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. VICI Properties's payout ratio is 67.58%.
VICI Properties Company Profile
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Get Free ReportVICI 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.
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