Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) saw unusually-strong trading volume on Thursday after the company announced a dividend. Approximately 5,949,210 shares traded hands during mid-day trading, an increase of 10% from the previous session's volume of 5,412,677 shares.The stock last traded at $31.95 and had previously closed at $32.40.
The newly announced dividend which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
Analyst Ratings Changes
Several analysts recently commented on VICI shares. Stifel Nicolaus increased their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.
Check Out Our Latest Stock Report on VICI
VICI Properties Stock Performance
The firm has a 50 day moving average price of $30.22 and a 200 day moving average price of $31.48. The stock has a market cap of $35.11 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.
VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The firm 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%. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.
Hedge Funds Weigh In On VICI Properties
Institutional investors and hedge funds have recently modified their holdings of the business. Transce3nd LLC purchased a new stake in shares of VICI Properties in the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC lifted its holdings 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 in the last quarter. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of VICI Properties during the 4th quarter worth about $33,000. Finally, Quarry LP lifted its stake in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after buying an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
About VICI Properties
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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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