VICI Properties (NYSE:VICI - Free Report) had its price target lifted 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.
Other research analysts have also recently issued research reports about the company. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Mizuho dropped their target price on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.23.
View Our Latest Research Report on VICI Properties
VICI Properties Stock Performance
NYSE:VICI traded up $0.11 during mid-day trading on Thursday, reaching $31.99. 4,731,126 shares of the company's stock were exchanged, compared to its average volume of 5,825,965. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business's fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $31.36. The firm has a market capitalization of $33.80 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. VICI Properties's payout ratio is presently 67.58%.
Institutional Trading of VICI Properties
Several hedge funds and other institutional investors have recently made changes to their positions in VICI. D.A. Davidson & CO. raised its holdings in VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after buying an additional 340 shares during the last quarter. Carret Asset Management LLC raised its stake in shares of VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after acquiring an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after purchasing an additional 372 shares during the period. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in VICI Properties by 3.1% in the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after purchasing an additional 378 shares during the period. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Company Profile
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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.
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