VICI Properties Inc. (NYSE:VICI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of VICI Properties Inc. (NYSE:VICIGet Rating) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $36.00.

A number of brokerages have issued reports on VICI. Zacks Investment Research raised VICI Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st. JPMorgan Chase & Co. began coverage on VICI Properties in a report on Tuesday, May 3rd. They set an “overweight” rating for the company. Berenberg Bank began coverage on VICI Properties in a report on Thursday, January 20th. They set a “buy” rating and a $35.00 price target for the company. Truist Financial decreased their price target on VICI Properties from $38.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 13th. Finally, Citigroup began coverage on VICI Properties in a report on Monday, February 7th. They set a “buy” rating and a $32.00 price target for the company.

In related news, Director Michael D. Rumbolz purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were purchased at an average price of $26.88 per share, for a total transaction of $53,760.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC increased its position in VICI Properties by 62.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 879 shares of the company’s stock valued at $25,000 after acquiring an additional 339 shares during the period. 180 Wealth Advisors LLC increased its position in VICI Properties by 4.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,969 shares of the company’s stock valued at $238,000 after acquiring an additional 342 shares during the period. Harbour Investments Inc. increased its position in VICI Properties by 41.6% in the 4th quarter. Harbour Investments Inc. now owns 1,212 shares of the company’s stock valued at $36,000 after acquiring an additional 356 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in VICI Properties by 5.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,054 shares of the company’s stock valued at $243,000 after acquiring an additional 409 shares during the period. Finally, Johnson Financial Group Inc. increased its position in VICI Properties by 3.7% in the 4th quarter. Johnson Financial Group Inc. now owns 12,360 shares of the company’s stock valued at $372,000 after acquiring an additional 438 shares during the period.

NYSE:VICI traded down $0.58 during midday trading on Thursday, reaching $26.68. The company had a trading volume of 11,631,252 shares, compared to its average volume of 9,305,234. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.42 and a beta of 0.97. The stock’s fifty day simple moving average is $28.46 and its 200-day simple moving average is $28.51. VICI Properties has a 12-month low of $26.23 and a 12-month high of $33.35. The company has a current ratio of 14.85, a quick ratio of 14.85 and a debt-to-equity ratio of 0.34.

VICI Properties (NYSE:VICIGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $416.20 million during the quarter, compared to analysts’ expectations of $410.84 million. VICI Properties had a net margin of 63.44% and a return on equity of 10.42%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. As a group, sell-side analysts expect that VICI Properties will post 1.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Thursday, March 24th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Wednesday, March 23rd. VICI Properties’s dividend payout ratio (DPR) is currently 89.44%.

VICI Properties Company Profile (Get Rating)

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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