VICI Properties (NYSE:VICI) Price Target Raised to $34.25 at Stifel Nicolaus

VICI Properties (NYSE:VICI) had its price objective raised by Stifel Nicolaus from $34.00 to $34.25 in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on VICI. Truist Financial lowered their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Mizuho lowered their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Price Performance

NYSE:VICI opened at $31.99 on Thursday. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The stock’s 50 day moving average price is $31.13 and its two-hundred day moving average price is $31.36. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, analysts anticipate that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Transce3nd LLC purchased a new position in VICI Properties in the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC lifted its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the 4th quarter valued at about $33,000. Finally, Quarry LP grew its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

About VICI Properties

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.