Can VICI Properties Inc (VICI) stock recover despite sales dropping?

In yesterday’s Wall Street session, VICI Properties Inc (NYSE:VICI) shares traded at $29.17, up 2.03% from the previous session.

22 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 $30.00, we find $36.00. Given the previous closing price of $28.59, this indicates a potential upside of 25.92 percent. VICI stock price is now -1.11% away from the 50-day moving average and -7.63% away from the 200-day moving average. The market capitalization of the company currently stands at $30.18B.

The stock has received a hold rating from 3 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $35.55 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 $3.52 million over the past 1 year. A total of 0.22% of the company’s stock is owned by insiders.

On Friday morning VICI Properties Inc (NYSE: VICI) stock kicked off with the opening price of $29.00. During the past 12 months, VICI Properties Inc has had a low of $26.62 and a high of $35.07. According to the stock market information, the enterprise value for the company is $47.21B, which is based on a 12.27 price-to-earnings ratio, a 1.95 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for VICI is $29.47 and a two-hundred day moving average price translates $31.56 for the stock.

The latest earnings results from VICI Properties Inc (NYSE: VICI) was released for Sep, 2023. The net profit margin was 68.69% and return on equity was 10.33% for VICI. The company reported revenue of $904.32 million for the quarter, compared to $751.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.33 percent.

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 owns 92 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 38 non-gaming experiential properties across the United States and Canada. The portfolio is comprised of approximately 125 million square feet and features approximately 60,300 hotel rooms and approximately 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading non-gaming experiential operators, including Bowlero, Great Wolf Resorts, Cabot, Canyon Ranch and Chelsea Piers. VICI Properties also owns four championship golf courses and 33 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.

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