In yesterday’s Wall Street session, VICI Properties Inc (NYSE:VICI) shares traded at $29.75, up 2.06% from the previous session.
VICI stock price is now 0.16% away from the 50-day moving average and -1.67% away from the 200-day moving average. The market capitalization of the company currently stands at $31.02B.
With the price target of $36, Goldman recently initiated with Buy rating for VICI Properties Inc (NYSE: VICI). On October 03, 2023, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $31, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, ABRAHAMSON JAMES R, Director bought 7,000 shares of the company’s stock on Mar 15 ’24. The stock was bought for $201,530 at an average price of $28.79. Upon completion of the transaction, the Director now directly owns 146,342 shares in the company, valued at $4.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Director ABRAHAMSON JAMES R bought 3,000 shares of the business’s stock. A total of $86,550 was incurred on buying the stock at an average price of $28.85. This leaves the insider owning 139,342 shares of the company worth $4.15 million. A total of 0.31% of the company’s stock is owned by insiders.
During the past 12 months, VICI Properties Inc has had a low of $26.62 and a high of $34.05. According to the stock market information, the enterprise value for the company is $48.14B, which is based on a 12.04 price-to-earnings ratio, a 1.91 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for VICI is $29.67 and a two-hundred day moving average price translates $30.24 for the stock.
The latest earnings results from VICI Properties Inc (NYSE: VICI) was released for Dec, 2023. According to the REIT – Diversified Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.65 by 0.07. This compares to $0.64 EPS in the same period last year. The net profit margin was 69.59% and return on equity was 10.65% for VICI. The company reported revenue of $931.87 million for the quarter, compared to $769.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.04 percent. For the current quarter, analysts expect VICI to generate $936.18M in revenue.
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 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 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 operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, and Kalahari Resorts. 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.
