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

VICI Properties (NYSE:VICI) had its target price upped by Stifel Nicolaus from $33.75 to $34.00 in a report issued on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

VICI has been the subject of several other research reports. Barclays lowered their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Truist Financial lowered their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $31.25 on Friday. The stock has a market capitalization of $32.95 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The company has a fifty day moving average of $29.59 and a 200-day moving average of $31.43. VICI Properties has a 52-week low of $27.08 and a 52-week 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) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) 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%. Equities research analysts expect that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

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

Institutional Trading of VICI Properties

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $419,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company’s stock valued at $354,512,000 after purchasing an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of VICI Properties by 2,437.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company’s stock valued at $98,982,000 after buying an additional 3,255,078 shares during the last quarter. Finally, Capital World Investors increased its holdings in VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after buying an additional 2,903,744 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.