VICI Properties Inc. (NYSE: VICI – Get Rating) has earned an average rating of “Moderate Buy” from the 11 brokers currently covering the stock, reports MarketBeat.com. One equities research analyst has rated the stock as hold and ten have assigned a buy rating to the company. The average 12-month target price among brokers who have covered the stock over the past year is $35.00.
Several research companies have recently commented on VICI. Goldman Sachs Group increased its price target on shares of VICI Properties to $39.00 from $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 19. JPMorgan Chase & Co. acquired coverage of shares of VICI Properties in a research report on Tuesday, May 3rd. They gave the company an “overweight” rating.
Several major investors have recently changed their holdings in VICI. Capital Research Global Investors increased its holdings of VICI Properties shares by 43.9% in the first quarter. Capital Research Global Investors now owns 41,261,309 shares of the company’s stock valued at $1,174,297,000 after purchasing an additional 12,587,643 shares last quarter. Capital World Investors increased its position in VICI Properties by 53.6% in the fourth quarter. Capital World Investors now owns 31,731,180 shares of the company’s stock valued at $955,426,000 after purchasing an additional 11,067,214 shares during the period. Vanguard Group Inc. increased its position in VICI Properties by 11.6% in the first quarter. Vanguard Group Inc. now owns 98,755,591 shares of the Company’s stock valued at $2,810,583,000 after purchasing an additional 10,248,110 shares during the period. Blackstone Inc. acquired a new interest in VICI Properties valued at $208,382,000 during the first quarter. Finally, Norges Bank acquired a new stake in VICI Properties valued at $175,815,000 during the fourth quarter.
VICI stock opened at $29.18 on Friday. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.22, and a beta of 0.96. The company has a quick ratio of 14.85, a current ratio of 14.85 and a debt to equity ratio of 0.34. VICI Properties has a 12-month low of $26.23 and a 12-month high of $33.95. The company’s 50-day simple moving average is $29.62 and its 200-day simple moving average is $28.69.
VICI Properties (NYSE:VICI – Get Rating) last released its quarterly results on Wednesday, May 4th. The company reported earnings per share of $0.35 for the quarter, missing the consensus estimate of $0.44 ($0.09). VICI Properties had a net margin of 63.44% and a return on equity of 10.42%. The company had revenue of $416.20 million for the quarter, compared to the consensus estimate of $410.84 million. For the same period last year, the company posted earnings per share of $0.47. The company’s revenue for the quarter rose 11.2% year over year. Research analysts expect VICI Properties to report year-to-date earnings per share of 1.91.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Thursday, June 23 will receive a dividend of $0.36. That translates to an annualized dividend of $1.44 and a yield of 4.93%. The ex-dividend date is Wednesday June 22nd. VICI Properties’ payout ratio is currently 89.44%.
About VICI properties (received 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 properties covering over 48 million square feet, approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.
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