Analysts Set VICI Properties Inc. (NYSE:VICI) Price Target at $36.00

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $36.00.

Several research analysts have weighed in on VICI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of VICI Properties in a research report on Wednesday, October 8th. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Mizuho increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Scotiabank increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th.

VICI Properties Stock Down 0.0%

VICI opened at $30.97 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a market capitalization of $33.03 billion, a PE ratio of 11.87, a PEG ratio of 3.09 and a beta of 0.72. The firm’s 50 day simple moving average is $32.78 and its two-hundred day simple moving average is $32.36.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts forecast that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 18th. VICI Properties’s dividend payout ratio is currently 68.97%.

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after acquiring an additional 1,849,545 shares in the last quarter. State Street Corp grew its stake in VICI Properties by 2.1% during the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after acquiring an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC grew its stake in VICI Properties by 7.1% during the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after acquiring an additional 2,281,688 shares in the last quarter. Allianz Asset Management GmbH grew its stake in VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after acquiring an additional 1,755,385 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in VICI Properties by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after acquiring an additional 2,326,747 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.