In yesterday’s Wall Street session, VICI Properties Inc. (NYSE:VICI) shares traded at $31.10, down -2.26% from the previous session.
20 analysts cover VICI Properties Inc. (NYSE:VICI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $32.00, we find $37.00. Given the previous closing price of $31.82, this indicates a potential upside of 16.28 percent. VICI stock price is now -4.03% away from the 50-day moving average and -5.18% away from the 200-day moving average. The market capitalization of the company currently stands at $31.25B.
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The stock has received a hold rating from 1 analysts and a buy rating from 16. Brokers who have rated the stock have averaged $37.63 as their price target over the next twelve months.
With the price target of $35, Mizuho recently initiated with Buy rating for VICI Properties Inc. (NYSE: VICI). On March 09, 2023, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $36, while ‘Raymond James’ rates the stock as ‘Outperform’.
Insiders disposed of 120,659 shares of company stock worth roughly $3.75 million over the past 1 year. A total of 0.42% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VICI stock. A new stake in VICI Properties Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $118,440,000. BRAUN STACEY ASSOCIATES INC invested $32,713,000 in shares of VICI during the first quarter. In the first quarter, CONNECTUS WEALTH, LLC acquired a new stake in VICI Properties Inc. valued at approximately $18,631,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in VICI for approximately $17,486,000. WEISS MULTI-STRATEGY ADVISERS LLC purchased a new stake in VICI valued at around $13,090,000 in the second quarter. In total, there are 1,048 active investors with 98.60% ownership of the company’s stock.
On Tuesday morning VICI Properties Inc. (NYSE: VICI) stock kicked off with the opening price of $31.75. During the past 12 months, VICI Properties Inc. has had a low of $27.75 and a high of $35.69. According to the stock market information, the enterprise value for the company is $48.06B, which is based on a 21.89 price-to-earnings ratio, a 3.08 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for VICI is $32.35 and a two-hundred day moving average price translates $32.78 for the stock.
The latest earnings results from VICI Properties Inc. (NYSE: VICI) was released for Mar, 2023. According to the REIT – Diversified Company, earnings per share came in at $0.52, missing analysts’ expectations of $0.56 by -0.04. This compares to $0.35 EPS in the same period last year. The net profit margin was 45.60% and return on equity was 6.30% for VICI. The company reported revenue of $877.65 million for the quarter, compared to $416.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 110.66 percent. For the current quarter, analysts expect VICI to generate $884.45M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/06/2023. Investors who held shares on 03/23/2023 were paid a $0.39 dividend. On an annualized basis, this represents a $1.56 dividend and a 5.02% percent yield. There was an ex-dividend date of 03/22/2023 for this dividend. In terms of dividend payout ratio, VICI is presently at 107.40%.
VICI Properties Inc.(VICI) Company Profile
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. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio.
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