VICI Properties (NYSE:VICI) Stock Price Up 1.3% – Should You Buy?

VICI Properties Inc. (NYSE:VICIGet Free Report)’s share price rose 1.3% on Monday . The company traded as high as $24.09 and last traded at $24.02. Approximately 9,086,458 shares were traded during trading, a decline of 5% from the average session volume of 9,525,256 shares. The stock had previously closed at $23.72.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Evercore set a $30.00 price target on VICI Properties in a report on Monday. Robert W. Baird set a $32.00 price target on VICI Properties in a research note on Thursday, July 30th. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday, August 13th. Finally, Cantor Fitzgerald lowered their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.15.

Get Our Latest Stock Report on VICI Properties

VICI Properties Stock Up 1.3%

The company’s 50-day simple moving average is $26.02 and its two-hundred day simple moving average is $27.25. The firm has a market capitalization of $26.45 billion, a P/E ratio of 9.31 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties (NYSE:VICIGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, research analysts expect that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.46 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s dividend payout ratio is presently 71.32%.

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of VICI Properties during the 2nd quarter valued at about $3,433,817,000. Geode Capital Management LLC grew its stake in shares of VICI Properties by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after acquiring an additional 1,037,345 shares during the period. Allianz Asset Management GmbH increased its holdings in VICI Properties by 8.2% in the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after acquiring an additional 2,305,719 shares in the last quarter. Bank of America Corp DE bought a new stake in VICI Properties during the 2nd quarter worth approximately $778,709,000. Finally, Norges Bank purchased a new position in VICI Properties during the fourth quarter valued at approximately $537,676,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

About VICI Properties

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VICI Properties, Inc (NYSE: VICI) is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI’s portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.

Further Reading

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