Brokerages Set VICI Properties Inc. (NYSE:VICI) PT at $33.69

VICI Properties Inc. (NYSE:VICI) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.6923.

Several equities research analysts recently commented on VICI shares. Evercore reissued an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Barclays decreased their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Robert W. Baird dropped their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th.

VICI Properties Stock Performance

Shares of VICI stock opened at $29.51 on Thursday. The company has a market capitalization of $31.54 billion, a P/E ratio of 11.31, a P/E/G ratio of 3.40 and a beta of 0.67. The business’s 50 day moving average is $28.88 and its two-hundred day moving average is $30.05. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.59. VICI Properties has a 12-month low of $27.48 and a 12-month high of $34.03.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Analysts expect that VICI Properties will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. VICI Properties’s dividend payout ratio is presently 68.97%.

Institutional Trading of VICI Properties

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in VICI Properties by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after purchasing an additional 1,705,855 shares during the last quarter. State Street Corp boosted its stake in VICI Properties by 1.7% during the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after purchasing an additional 1,080,992 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after buying an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of VICI Properties by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after buying an additional 2,305,719 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after buying an additional 3,968,349 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.