VICI Properties (NYSE:VICI) Shares Down 0.9% - Should You Sell?

VICI Properties Inc. (NYSE:VICI - Get Free Report)'s share price was down 0.9% during mid-day trading on Monday . The company traded as low as $31.26 and last traded at $31.58. Approximately 1,620,737 shares traded hands during trading, a decline of 73% from the average daily volume of 5,979,902 shares. The stock had previously closed at $31.86.

Analyst Ratings Changes

Several research firms have weighed in on VICI. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial upped their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.07.

VICI Properties Stock Performance

The firm has a market capitalization of $33.28 billion, a PE ratio of 12.30, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company's fifty day simple moving average is $31.81 and its 200 day simple moving average is $31.07.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 69.20%.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Czech National Bank raised its stake in VICI Properties by 7.1% in the fourth quarter. Czech National Bank now owns 228,566 shares of the company's stock valued at $6,676,000 after purchasing an additional 15,246 shares in the last quarter. Brookstone Capital Management bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $359,000. Capital Investment Advisors LLC boosted its stake in VICI Properties by 22.5% in the 4th quarter. Capital Investment Advisors LLC now owns 339,067 shares of the company's stock worth $9,904,000 after purchasing an additional 62,307 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth approximately $263,000. Finally, Courier Capital LLC lifted its position in VICI Properties by 4.8% in the fourth quarter. Courier Capital LLC now owns 24,367 shares of the company's stock worth $712,000 after buying an additional 1,107 shares during 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.

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