VICI Properties Inc. (NYSE: VICI – Get Rating) has earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and has assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $ 35.00.
Several research firms have recently commented on VICI. The Goldman Sachs Group boosted their target price on shares of VICI Properties from $ 35.00 to $ 39.00 and gave the stock a “buy” rating in a research report on Thursday, May 19th. JPMorgan Chase & Co. assumed coverage on shares of VICI Properties in a research report on Tuesday, May 3rd. They set an “overweight” rating for the company.
Several large investors have recently modified their holdings of VICI. Capital Research Global Investors grew its holdings in shares of VICI Properties by 43.9% during the 1st 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 during the last quarter. Capital World Investors boosted its position in VICI Properties by 53.6% during the 4th quarter. Capital World Investors now owns 31,731,180 shares of the company’s stock valued at $ 955,426,000 after buying an additional 11,067,214 shares during the period. Vanguard Group Inc. boosted its position in VICI Properties by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $ 2,810,583,000 after buying an additional 10,248,110 shares during the period. Blackstone Inc. purchased a new stake in VICI Properties during the 1st quarter valued at $ 208,382,000. Finally, Norges Bank purchased a new stake in VICI Properties during the 4th quarter valued at $ 175,815,000.
VICI stock opened at $ 29.18 on Friday. The firm 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 fifty day simple moving average is $ 29.62 and its 200 day simple moving average is $ 28.69.
VICI Properties (NYSE: VICI – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $ 0.35 earnings per share for the quarter, missing the consensus estimate of $ 0.44 by ($ 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 during the quarter, compared to the consensus estimate of $ 410.84 million. During the same period last year, the firm posted $ 0.47 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts expect that VICI Properties will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Thursday, June 23rd will be paid a $ 0.36 dividend. This represents a $ 1.44 annualized dividend and a yield of 4.93%. The ex-dividend date is Wednesday, June 22nd. VICI Properties’s dividend payout ratio is presently 89.44%.
About VICI Properties (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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