Fintel reports that on April 5, 2023,
Mizuho
initiated coverage of VICI Properties (NYSE:VICI) with
a Buy recommendation.
Analyst Price Forecast Suggests 19.67% Upside
As of March 30, 2023,
the average one-year price target for VICI Properties is $38.44.
The forecasts range from a low of $32.32 to a high of $45.15.
The average price target represents an increase of 19.67% from its latest reported closing price of $32.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for VICI Properties
is $3,223MM, an increase of 21.14%.
The projected annual non-GAAP EPS
is $2.44.
VICI Properties Declares $0.39 Dividend
On March 9, 2023 the company declared a regular
quarterly dividend of $0.39 per share ($1.56 annualized).
Shareholders of record as of March 23, 2023
received the payment on April 6, 2023.
Previously, the company paid $0.39 per share.
At the current share price of $32.12 / share,
the stock’s dividend yield is 4.86%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.20%,
the lowest has been 4.02%,
and the highest has been 10.14%.
The standard deviation of yields is 0.87 (n=236).
The current dividend yield is
0.40 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 1.40.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.31%,
demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
JHML – John Hancock Multifactor Large Cap ETF
holds 22K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 22K shares, representing
an increase
of 0.68%.
The firm
increased
its portfolio allocation in VICI by 0.67% over the last quarter.
SHP ETF Trust – FIS Knights of Columbus Global Belief ETF
holds 5K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
SSPIX – SIMT S&P 500 Index Fund Class F
holds 23K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 24K shares, representing
a decrease
of 4.37%.
The firm
increased
its portfolio allocation in VICI by 0.75% over the last quarter.
Renaissance Group
holds 7K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 11K shares, representing
a decrease
of 44.27%.
The firm
decreased
its portfolio allocation in VICI by 31.38% over the last quarter.
Janus Henderson Group
holds 7,367K shares
representing 0.73% ownership of the company.
In it’s prior filing, the firm reported owning 8,215K shares, representing
a decrease
of 11.51%.
The firm
decreased
its portfolio allocation in VICI by 67.48% over the last quarter.
What is the Fund Sentiment?
There are 1725 funds or institutions reporting positions in VICI Properties.
This is an increase
of
70
owner(s) or 4.23% in the last quarter.
Average portfolio weight of all funds dedicated to VICI is 0.56%,
an increase
of 11.89%.
Total shares owned by institutions decreased
in the last three months by 0.27% to 1,115,295K shares.
The put/call ratio of VICI is 0.35, indicating a
bullish
outlook.
VICI Properties Background Information
(This description is provided by the company.)
VICI Properties Inc. 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 28 gaming facilities comprising over 47 million square feet and features approximately 17,800 hotel rooms and more than 200 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., Hard Rock International Inc., JACK Entertainment LLC and Penn National Gaming, Inc. VICI Properties also has an investment in the Chelsea Piers, New York facility and owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio.
See all VICI Properties regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
