VICI Properties Inc. (NYSE:VICI) Stock Has Average Price Target of $29.46 According to Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.46.

Several analysts recently weighed in on the company. Cantor Fitzgerald lowered their price objective on VICI Properties from $32.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, November 4th. Deutsche Bank set a $30.00 target price on VICI Properties in a report on Friday, July 31st. Evercore set a $30.00 target price on VICI Properties in a research report on Monday, September 21st. JPMorgan Chase & Co. downgraded VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Thursday, September 24th. Finally, Robert W. Baird set a $32.00 price target on VICI Properties in a research report on Thursday, July 30th.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Wealth Strategies LLC acquired a new position in shares of VICI Properties in the 1st quarter valued at about $25,000. Silvant Capital Management LLC acquired a new stake in VICI Properties during the second quarter worth about $33,000. Atlatl Advisers LLC acquired a new stake in VICI Properties during the second quarter worth about $38,000. WealthCollab LLC lifted its holdings in VICI Properties by 57.3% in the first quarter. WealthCollab LLC now owns 1,933 shares of the company’s stock worth $53,000 after acquiring an additional 704 shares during the last quarter. Finally, Essential Partners LLC bought a new position in VICI Properties in the first quarter worth about $53,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.6%

NYSE VICI opened at $24.79 on Tuesday. The company has a market capitalization of $27.29 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.35 and a quick ratio of 2.35. VICI Properties has a 12 month low of $22.42 and a 12 month high of $30.83. The company’s fifty day moving average price is $23.96 and its two-hundred day moving average price is $26.80.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. VICI Properties’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. As a group, research analysts predict that VICI Properties will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.46 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s dividend payout ratio is presently 84.40%.

About VICI Properties

VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.