VICI Properties Inc (NYSE:VICI) has been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.65.
VICI has been the subject of a number of recent research reports. Goldman Sachs Group raised shares of VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley raised shares of VICI Properties from an “equal” rating to a “weight” rating and boosted their price target for the stock from $25.00 to $26.00 in a research note on Monday, August 26th. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Co raised shares of VICI Properties from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $23.00 to $24.50 in a research note on Monday, July 1st.
NYSE:VICI opened at $22.24 on Tuesday. The firm has a market cap of $10.23 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. VICI Properties has a 12 month low of $17.64 and a 12 month high of $23.27. The company has a quick ratio of 179.91, a current ratio of 179.91 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $21.37 and its two-hundred day moving average price is $21.91.
VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The company had revenue of $220.75 million during the quarter, compared to the consensus estimate of $216.90 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, research analysts expect that VICI Properties will post 1.44 EPS for the current fiscal year.
In related news, insider John W. R. Payne purchased 10,635 shares of VICI Properties stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $21.18 per share, for a total transaction of $225,249.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward Baltazar Pitoniak purchased 15,200 shares of VICI Properties stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $21.29 per share, with a total value of $323,608.00. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Cohen & Steers Inc. boosted its holdings in VICI Properties by 47.1% during the second quarter. Cohen & Steers Inc. now owns 49,081,803 shares of the company’s stock worth $1,081,763,000 after purchasing an additional 15,708,664 shares during the last quarter. Senator Investment Group LP acquired a new position in VICI Properties during the second quarter worth $220,400,000. Point72 Asset Management L.P. acquired a new position in VICI Properties during the second quarter worth $189,036,000. Principal Financial Group Inc. boosted its holdings in VICI Properties by 354.0% during the first quarter. Principal Financial Group Inc. now owns 7,272,239 shares of the company’s stock worth $159,116,000 after purchasing an additional 5,670,397 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in VICI Properties by 171.2% in the second quarter. Nuveen Asset Management LLC now owns 8,801,436 shares of the company’s stock valued at $193,984,000 after acquiring an additional 5,555,668 shares during the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.
VICI Properties 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 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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