VICI Properties Inc. (NYSE:VICI) Receives $34.20 Consensus Target Price from Analysts

VICI Properties Inc. (NYSE:VICI) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.20.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th.

VICI Properties Stock Down 1.6 %

Shares of NYSE:VICI opened at $31.51 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.28 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The company’s 50-day moving average price is $30.84 and its two-hundred day moving average price is $31.43.

VICI Properties (NYSE:VICI) last announced its earnings results 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 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 forecast that VICI Properties will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s payout ratio is presently 67.58%.

Institutional Investors Weigh In On VICI Properties

Several large investors have recently modified their holdings of VICI. Norges Bank acquired a new position in shares of VICI Properties in the 4th quarter valued at approximately $419,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after buying an additional 7,658,819 shares during the period. Northern Trust Corp boosted its holdings in shares of VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company’s stock valued at $354,512,000 after buying an additional 3,298,314 shares during the period. Mackenzie Financial Corp increased its position in shares of VICI Properties by 2,437.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company’s stock worth $98,982,000 after acquiring an additional 3,255,078 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after acquiring an additional 2,903,744 shares during the period. 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.