VICI Properties (NYSE:VICI) Trading Down 0.2% - What's Next?

VICI Properties Inc. (NYSE:VICI - Get Free Report)'s share price fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $31.93 and last traded at $32.19. 1,213,374 shares were traded during mid-day trading, a decline of 80% from the average session volume of 6,001,604 shares. The stock had previously closed at $32.24.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho boosted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Finally, Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.93.

VICI Properties Stock Up 0.0 %

The firm's 50-day simple moving average is $31.87 and its 200-day simple moving average is $31.14. The company has a market capitalization of $34.07 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. 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 - 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. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in VICI Properties in the fourth quarter worth about $419,932,000. Northern Trust Corp raised its holdings in shares of VICI Properties by 37.3% in the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after buying an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after buying an additional 3,255,078 shares during the period. Capital World Investors boosted its stake in VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after buying an additional 2,903,744 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new stake in VICI Properties in the first quarter valued at $65,750,000. 97.71% of the stock is owned by 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.

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