VICI Properties Inc. (NYSE:VICI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $34.20.

VICI has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th.

VICI Properties Stock Performance

NYSE VICI opened at $32.38 on Thursday. The firm has a market cap of $34.20 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 3.88 and a beta of 0.94. The company has a 50 day moving average of $30.71 and a 200-day moving average of $31.45. 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 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $969.29 million. On average, equities analysts forecast that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. VICI Properties’s payout ratio is 67.58%.

Institutional Investors Weigh In On VICI Properties

Several institutional investors have recently added to or reduced their stakes in VICI. Natixis Advisors LLC lifted its position in VICI Properties by 10.1% during the 3rd quarter. Natixis Advisors LLC now owns 271,903 shares of the company’s stock worth $9,057,000 after buying an additional 24,998 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in VICI Properties by 11.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 146,601 shares of the company’s stock worth $4,883,000 after buying an additional 15,201 shares in the last quarter. Pathstone Holdings LLC lifted its position in VICI Properties by 7.9% during the 3rd quarter. Pathstone Holdings LLC now owns 57,210 shares of the company’s stock worth $1,906,000 after buying an additional 4,177 shares in the last quarter. Caprock Group LLC raised its holdings in shares of VICI Properties by 78.6% in the 3rd quarter. Caprock Group LLC now owns 83,450 shares of the company’s stock valued at $2,818,000 after purchasing an additional 36,717 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in shares of VICI Properties by 2.6% in the 3rd quarter. Prospera Financial Services Inc now owns 98,299 shares of the company’s stock valued at $3,274,000 after purchasing an additional 2,493 shares during the period. 97.71% of the stock is 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.