VICI Properties Inc. (NYSE:VICI) Receives $34.36 Consensus Price Target from Analysts

VICI Properties Inc. (NYSE:VICI) has received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $34.3571.

A number of brokerages have issued reports on VICI. The Goldman Sachs Group dropped their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Evercore ISI reissued an “in-line” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Barclays reduced their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $28.13 on Friday. VICI Properties has a 52 week low of $27.56 and a 52 week high of $34.03. The company has a 50-day moving average price of $29.25 and a 200 day moving average price of $31.51. The company has a market cap of $30.06 billion, a P/E ratio of 10.73, a PEG ratio of 2.78 and a beta of 0.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

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

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s payout ratio is presently 68.70%.

Hedge Funds Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming purchased a new position in VICI Properties in the 2nd quarter valued at about $26,000. Parvin Asset Management LLC acquired a new stake in shares of VICI Properties during the second quarter worth approximately $27,000. Hantz Financial Services Inc. increased its stake in shares of VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after buying an additional 724 shares during the last quarter. Headlands Technologies LLC acquired a new stake in VICI Properties in the second quarter valued at $28,000. Finally, Godsey & Gibb Inc. bought a new position in VICI Properties during the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.