VICI Properties Inc. (VICI) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
VICI Properties Inc. (VICI) is a prominent real estate investment trust (REIT) headquartered in New York. Specializing in diversified experiential properties within the gaming, hospitality, and entertainment sectors, VICI has established itself as a significant player in the S&P 500. The company’s expansive portfolio comprises 93 assets, including renowned locations such as Caesars Palace and MGM Grand, encompassing approximately 127 million square feet. Operating 54 gaming properties and 39 experiential sites across the U.S. and Canada, VICI offers around 60,300 hotel rooms alongside diverse dining and entertainment experiences. The company’s business strategy is centered around long-term, triple-net lease agreements with top industry operators, effectively building a high-quality experiential real estate portfolio.
Financial Performance and Market Analysis
VICI Properties showcases robust financial standing with total revenue reported at approximately $3.74 billion. Currently trading at $33.07, the stock demonstrates an optimistic target high price of $40.00, suggesting significant upside potential for investors. Analyst projections indicate a target mean price of around $35.04, complementing the bullish recommendation to “buy.” With a total of approximately 1,047,169,984 shares outstanding and a short interest of about 0.0215% of float shares, investor sentiment remains positive regarding VICI’s market performance. Close to its 52-week high of $34.29, the stock has shown resilience and recovery from its previous low of $26.625. Furthermore, VICI’s fifty-day moving average stands at $32.0516, bolstering the bullish sentiment as the current price reflects an upward trend.
Investment Outlook
VICI Properties presents a compelling investment opportunity. The target high price of $40.00 indicates a healthy potential for growth, while the target median price of $34.00 reinforces positive analyst consensus. Although there is limited data concerning EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), investors can be encouraged by the strong revenue figures and the generally optimistic sentiment prevalent in the market. As VICI continues to strengthen its experiential real estate holdings, it remains well-positioned to capitalize on the market’s evolving dynamics, making it a noteworthy asset for those seeking exposure in the REIT sector.
| Metric | Value |
|---|---|
| Market Cap | $34.6b |
| Total Debt | $17.6b |
| Total Cash | $347.2m |
| Shares Outstanding | 1.0b |
| Float Shares | 1.0b |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.