VICI Properties (NYSE:VICI) Price Target Raised to $35.00 at Wells Fargo & Company

VICI Properties (NYSE:VICI) had its target price increased by Wells Fargo & Company from $34.00 to $35.00 in a research note released on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus lifted their target price on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Mizuho lowered their price target 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. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Truist Financial reduced their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Stock Performance

VICI stock opened at $32.03 on Monday. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a market cap of $33.83 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 3.88 and a beta of 0.94. The business’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $31.48. 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 announced its quarterly earnings data 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 company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Analysts predict that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.40%. VICI Properties’s payout ratio is 67.58%.

Institutional Investors Weigh In On VICI Properties

A number of large investors have recently made changes to their positions in VICI. Centaurus Financial Inc. lifted its holdings in VICI Properties by 37.4% in the fourth quarter. Centaurus Financial Inc. now owns 52,164 shares of the company’s stock valued at $1,524,000 after acquiring an additional 14,192 shares during the period. Park Square Financial Group LLC purchased a new position in shares of VICI Properties during the fourth quarter worth $64,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of VICI Properties in the fourth quarter valued at $395,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of VICI Properties in the 4th quarter valued at $39,954,000. Finally, United Advisor Group LLC lifted its position in shares of VICI Properties by 9.8% during the fourth quarter. United Advisor Group LLC now owns 7,430 shares of the company’s stock worth $217,000 after purchasing an additional 663 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other 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.