VICI Properties Inc. (NYSE:VICI) Stock Has Average Target Price of $30.00

VICI Properties Inc. (NYSE:VICI) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.81.

Several equities research analysts recently commented on VICI shares. Scotiabank cut their target price on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 24th. Evercore set a $30.00 price objective on shares of VICI Properties in a report on Monday, September 21st. Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Morgan Stanley dropped their price objective on VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st.

Hedge Funds Weigh In On VICI Properties

Institutional investors and hedge funds have recently bought and sold shares of the company. Bayban bought a new position in shares of VICI Properties in the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties during the 1st quarter valued at $25,000. Reflection Asset Management purchased a new stake in shares of VICI Properties during the 4th quarter valued at $29,000. Sachetta LLC lifted its holdings in shares of VICI Properties by 213.1% during the 1st quarter. Sachetta LLC now owns 1,171 shares of the company’s stock worth $32,000 after acquiring an additional 797 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth $33,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $23.36 on Friday. VICI Properties has a one year low of $22.42 and a one year high of $31.69. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 9.06 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. The firm has a 50 day simple moving average of $24.51 and a 200 day simple moving average of $26.46.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $0.60 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Research analysts predict that VICI Properties will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 7.9%. VICI Properties’s dividend payout ratio is presently 71.32%.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.