VICI Properties (VICI) Earns Outperform Rating from Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of VICI Properties (NYSE:VICI) in a report published on Wednesday, The Fly reports. The firm issued an outperform rating and a $26.00 price target on the stock.

Several other equities analysts have also recently issued reports on VICI. Wells Fargo & Co started coverage on shares of VICI Properties in a research note on Wednesday, July 11th. They issued a market perform rating and a $22.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of VICI Properties from $22.00 to $23.00 and gave the stock a hold rating in a research note on Tuesday, July 24th. Citigroup started coverage on shares of VICI Properties in a research note on Thursday, August 2nd. They issued a neutral rating and a $22.00 price objective on the stock. Credit Suisse Group started coverage on shares of VICI Properties in a research note on Tuesday, August 14th. They issued an outperform rating and a $24.00 price objective on the stock. Finally, Nomura started coverage on shares of VICI Properties in a research note on Wednesday, September 26th. They issued a buy rating and a $29.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. VICI Properties currently has a consensus rating of Buy and an average target price of $23.23.

VICI stock opened at $21.80 on Wednesday. VICI Properties has a 52 week low of $17.58 and a 52 week high of $22.99. The company has a debt-to-equity ratio of 0.67, a current ratio of 152.87 and a quick ratio of 152.87.



VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $221.00 million for the quarter, compared to the consensus estimate of $214.19 million. Analysts forecast that VICI Properties will post 1.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Friday, September 28th were given a $0.2875 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Thursday, September 27th.

Institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank purchased a new position in shares of VICI Properties in the third quarter worth approximately $120,000. Tower Research Capital LLC TRC purchased a new position in shares of VICI Properties in the second quarter worth approximately $120,000. United Services Automobile Association purchased a new position in shares of VICI Properties in the second quarter worth approximately $204,000. CIBC Asset Management Inc purchased a new position in shares of VICI Properties in the second quarter worth approximately $272,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of VICI Properties in the second quarter worth approximately $283,000. 99.80% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Company Profile

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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