VICI Properties (NYSE:VICI) Stock Price Down 0.4% - Should You Sell?

VICI Properties Inc. (NYSE:VICI - Get Free Report)'s share price fell 0.4% during mid-day trading on Monday . The stock traded as low as $32.12 and last traded at $32.09. 737,773 shares changed hands 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.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. JMP Securities reissued a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.93.

VICI Properties Stock Down 0.1 %

The company has a market capitalization of $34.00 billion, a P/E ratio of 12.57, a PEG ratio of 3.88 and a beta of 0.70. The firm has a 50-day moving average price of $31.84 and a two-hundred day moving average price of $31.14. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 67.58%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Transce3nd LLC acquired a new position in shares of VICI Properties in the 4th quarter worth approximately $28,000. CoreCap Advisors LLC raised its stake in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at $33,000. Finally, Quarry LP increased its position in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

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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