Truist Financial Boosts VICI Properties (NYSE:VICI) Price Target to $38.00

VICI Properties (NYSE:VICI - Free Report) had its price objective lifted by Truist Financial from $35.00 to $38.00 in a report published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Stifel Nicolaus increased their target price on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.93.

VICI Properties Trading Down 1.1 %

NYSE:VICI traded down $0.36 during trading hours on Wednesday, hitting $32.10. The stock had a trading volume of 1,149,981 shares, compared to its average volume of 7,443,080. The business's 50 day moving average is $31.80 and its 200-day moving average is $31.15. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties has a one year low of $27.53 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.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.39%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its stake in VICI Properties by 145.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after buying an additional 24,159 shares during the period. Oxbow Advisors LLC acquired a new position in shares of VICI Properties during the 4th quarter worth approximately $3,817,000. CHURCHILL MANAGEMENT Corp raised its stake in VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after acquiring an additional 8,834 shares during the period. Border to Coast Pensions Partnership Ltd lifted its holdings in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in VICI Properties during the fourth quarter worth $359,000. 97.71% of the stock is owned by institutional investors.

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.