VICI Properties (NYSE:VICI) Price Target Raised to $34.00 at Stifel Nicolaus

VICI Properties (NYSE:VICI) had its price target increased by Stifel Nicolaus from $33.75 to $34.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Barclays decreased their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $31.25 on Friday. The company’s fifty day simple moving average is $29.59 and its two-hundred day simple moving average is $31.43. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market cap of $32.95 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. 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) last posted its earnings results 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 business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, equities analysts expect that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.54%. VICI Properties’s payout ratio is 67.58%.

Institutional Trading of VICI Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Transce3nd LLC bought a new stake in VICI Properties in the fourth quarter worth $28,000. CoreCap Advisors LLC raised its position in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% in the 4th 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 purchased a new stake in VICI Properties during the 4th quarter valued at about $33,000. Finally, Quarry LP increased its stake in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.