Stocks of VICI Properties Inc (NYSE:VICI) traded higher last session on Wall Street, down -2.03% to $27.51.
According to the data, VICI Properties Inc (NYSE:VICI) has 23 analysts covering its stock. 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 $31.00, we find $36.00. Given the previous closing price of $28.08, this indicates a potential upside of 28.21 percent. VICI stock price is now -8.35% away from the 50-day moving average and -13.57% away from the 200-day moving average. The market capitalization of the company currently stands at $27.88B.
A total of 3 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $36.59 as their price target over the next twelve months.
With the price target of $31, Wedbush recently initiated with Neutral rating for VICI Properties Inc (NYSE: VICI).
Insiders disposed of 120,659 shares of company stock worth roughly $3.32 million over the past 1 year. A total of 0.22% 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 SEQUOIA FINANCIAL ADVISORS, LLC during the first quarter worth $46,789,000. EPOCH INVESTMENT PARTNERS, INC. invested $45,572,000 in shares of VICI during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in VICI Properties Inc valued at approximately $27,078,000. LAND & BUILDINGS INVESTMENT MANAGEMENT, LLC acquired a new stake in VICI for approximately $21,629,000. HRT FINANCIAL LP purchased a new stake in VICI valued at around $9,627,000 in the second quarter. In total, there are 1,055 active investors with 100.14% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $28.10 for VICI Properties Inc (NYSE: VICI). During the past 12 months, VICI Properties Inc has had a low of $27.70 and a high of $35.07. According to the stock market information, the enterprise value for the company is $44.59B, which is based on a 12.67 price-to-earnings ratio, a 2.01 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for VICI is $29.95 and a two-hundred day moving average price translates $31.81 for the stock.
The latest earnings results from VICI Properties Inc (NYSE: VICI) was released for Jun, 2023. According to the REIT – Diversified Company, earnings per share came in at $0.69, beating analysts’ expectations of $0.62 by 0.07. This compares to -$0.06 EPS in the same period last year. The net profit margin was 65.04% and return on equity was 9.43% for VICI. The company reported revenue of $898.16 million for the quarter, compared to $662.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.55 percent. For the current quarter, analysts expect VICI to generate $898.8M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/06/2023. Investors who held shares on 06/22/2023 were paid a $0.39 dividend. On an annualized basis, this represents a $1.61 dividend and a 5.84% percent yield. There was an ex-dividend date of 06/21/2023 for this dividend. In terms of dividend payout ratio, VICI is presently at 118.06%.
VICI Properties Inc(VICI) Company Profile
VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties’ geographically diverse portfolio consists of 50 gaming facilities across the United States and Canada comprising approximately 124 million square feet and features approximately 60,300 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry leading gaming and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of investing and financing partnerships with leading non-gaming experiential operators, including Great Wolf Resorts, Cabot, Canyon Ranch and Chelsea Piers. VICI Properties also owns four championship golf courses and 34 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.
