VICI Properties (NYSE:VICI) Price Target Raised to $34.25

VICI Properties (NYSE:VICI) had its price target hoisted by Stifel Nicolaus from $34.00 to $34.25 in a research note published on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial lowered their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.99 on Thursday. 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 stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The company’s 50-day simple moving average is $31.13 and its 200-day simple moving average is $31.36.

VICI Properties (NYSE:VICI) last issued 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Equities analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is 67.58%.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. grew its holdings in shares of VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after purchasing an additional 24,159 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in VICI Properties in the fourth quarter worth $3,817,000. CHURCHILL MANAGEMENT Corp raised its stake in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after buying an additional 8,834 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its stake in VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after buying an additional 130,000 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

About VICI Properties

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.