VICI Properties (NYSE:VICI) Given New $35.00 Price Target at JMP Securities

VICI Properties (NYSE:VICI - Free Report) had its price objective upped by JMP Securities from $34.00 to $35.00 in a report published on Friday morning, Benzinga reports. They currently have a market outperform rating on the stock.

Several other research firms have also commented on VICI. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI increased their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.11.

VICI Properties Stock Down 1.1 %

Shares of VICI Properties stock traded down $0.34 during trading on Friday, reaching $31.43. The company had a trading volume of 6,317,028 shares, compared to its average volume of 5,710,085. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 5.09 and a beta of 0.93. The firm's fifty day moving average is $33.01 and its 200-day moving average is $30.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.51%. This is a boost from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's dividend payout ratio (DPR) is currently 64.07%.

Institutional Trading of VICI Properties

Several large investors have recently added to or reduced their stakes in VICI. Quarry LP raised its holdings in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after acquiring an additional 999 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after buying an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock valued at $40,000 after acquiring an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties during the 2nd quarter valued at about $43,000. Finally, Rothschild Investment LLC bought a new stake in VICI Properties during the second quarter worth about $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Company Profile

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.