Analysts Set VICI Properties Inc. (NYSE:VICI) Target Price at $34.31

VICI Properties Inc. (NYSE:VICI) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $34.3077.

Several equities analysts have recently commented on VICI shares. Stifel Nicolaus dropped their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research report on Monday, January 5th. Barclays cut their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Mizuho lowered their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th.

Institutional Investors Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of VICI Properties during the second quarter worth $26,000. Parvin Asset Management LLC acquired a new stake in shares of VICI Properties during the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its holdings in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares in the last quarter. Headlands Technologies LLC bought a new stake in VICI Properties during the 2nd quarter worth $28,000. Finally, Godsey & Gibb Inc. acquired a new position in VICI Properties in the 3rd quarter worth about $29,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.82 on Wednesday. The business has a fifty day moving average price of $28.46 and a two-hundred day moving average price of $30.96. The stock has a market capitalization of $30.80 billion, a PE ratio of 11.00, a P/E/G ratio of 2.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities analysts predict that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.2%. VICI Properties’s payout ratio is presently 68.70%.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.