VICI Properties Inc. (NYSE:VICI) Receives $33.38 Average Price Target from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.3846.

A number of brokerages have commented on VICI. Mizuho reissued a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Robert W. Baird reduced their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Barclays increased their target price on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th.

Institutional Investors Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently made changes to their positions in VICI. NewEdge Advisors LLC increased its holdings in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after purchasing an additional 25,234 shares during the last quarter. Woodline Partners LP increased its holdings in shares of VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after purchasing an additional 26,017 shares during the last quarter. Jump Financial LLC increased its holdings in shares of VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after purchasing an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of VICI Properties by 96.0% in the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock valued at $31,843,000 after purchasing an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of VICI Properties by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after purchasing an additional 2,775 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $27.24 on Friday. The company has a market capitalization of $29.12 billion, a P/E ratio of 9.33 and a beta of 0.65. The business’s 50 day moving average is $28.26 and its two-hundred day moving average is $28.39. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties has a 12-month low of $26.55 and a 12-month high of $34.01.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business posted $0.58 earnings per share. VICI Properties’s revenue for the quarter was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Analysts expect that VICI Properties will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. VICI Properties’s dividend payout ratio is presently 61.64%.

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.