VICI Properties Inc. (NYSE:VICI) Receives $31.29 Consensus Target Price from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.2857.

Several research analysts have recently issued reports on VICI shares. Wells Fargo & Company lowered their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Cantor Fitzgerald decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Morgan Stanley lowered their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th.

VICI Properties Stock Up 0.5%

VICI stock opened at $25.90 on Thursday. The company’s 50 day moving average price is $26.49 and its 200 day moving average price is $27.76. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 10.04 and a beta of 0.65. VICI Properties has a fifty-two week low of $25.75 and a fifty-two week high of $33.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, equities research analysts anticipate that VICI Properties will post 2.46 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in VICI Properties in the second quarter valued at $3,433,817,000. California State Teachers Retirement System increased its position in shares of VICI Properties by 2,482.5% during the second quarter. California State Teachers Retirement System now owns 47,561,405 shares of the company’s stock worth $1,262,755,000 after purchasing an additional 45,719,695 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of VICI Properties during the second quarter worth about $778,709,000. Norges Bank purchased a new stake in shares of VICI Properties in the 4th quarter valued at about $537,676,000. Finally, Legal & General Group Plc purchased a new stake in shares of VICI Properties in the 2nd quarter valued at about $366,514,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Company Profile

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.