VICI Properties (NYSE:VICI) Given New $38.00 Price Target at Truist Financial

VICI Properties (NYSE:VICI - Free Report) had its target price raised by Truist Financial from $35.00 to $38.00 in a report released on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

VICI has been the topic of a number of other reports. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the company 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 report on Wednesday, January 8th. Stifel Nicolaus upped their price objective on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.93.

VICI Properties Stock Down 0.7 %

Shares of VICI traded down $0.23 on Wednesday, reaching $32.23. The company's stock had a trading volume of 5,568,934 shares, compared to its average volume of 6,022,084. The stock has a market capitalization of $34.06 billion, a PE ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a twelve month low of $27.53 and a twelve month high of $34.29. The firm has a fifty day moving average of $31.84 and a 200-day moving average of $31.15.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities analysts predict that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is currently 67.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VICI. D.A. Davidson & CO. grew its position in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after purchasing an additional 340 shares in the last quarter. Carret Asset Management LLC boosted its stake in VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after purchasing an additional 354 shares during the period. Moran Wealth Management LLC grew its holdings in VICI Properties by 0.9% during the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after buying an additional 360 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock valued at $1,206,000 after buying an additional 372 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in shares of VICI Properties by 3.1% in the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock worth $369,000 after buying an additional 378 shares in the last quarter. 97.71% of the stock is currently 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.