VICI Properties (NYSE:VICI) Shares Down 0.4% - Here's Why

VICI Properties Inc. (NYSE:VICI - Get Free Report) fell 0.4% on Monday . The stock traded as low as $32.12 and last traded at $32.09. 737,773 shares were traded during mid-day trading, a decline of 88% from the average session volume of 6,001,528 shares. The stock had previously closed at $32.22.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stifel Nicolaus boosted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Robert W. Baird upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday. Barclays raised their price objective 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. Finally, 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 research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.07.

VICI Properties Stock Performance

The firm has a market cap of $33.44 billion, a PE ratio of 12.36, a P/E/G ratio of 3.88 and a beta of 0.74. The stock has a 50-day moving average price of $31.88 and a 200 day moving average price of $31.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. VICI Properties's dividend payout ratio is presently 69.20%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VICI. Commerzbank Aktiengesellschaft FI grew its position in VICI Properties by 3.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 60,052 shares of the company's stock valued at $1,959,000 after acquiring an additional 1,771 shares during the period. Graypoint LLC purchased a new stake in shares of VICI Properties during the 1st quarter worth about $282,000. Cullen Frost Bankers Inc. increased its position in VICI Properties by 8.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock worth $150,000 after purchasing an additional 359 shares in the last quarter. Tectonic Advisors LLC increased its position in VICI Properties by 9.7% during the 1st quarter. Tectonic Advisors LLC now owns 260,313 shares of the company's stock worth $8,491,000 after purchasing an additional 23,063 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in VICI Properties by 9.2% in the first quarter. Larson Financial Group LLC now owns 79,030 shares of the company's stock valued at $2,578,000 after buying an additional 6,672 shares during the period. 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.