VICI Properties Inc. (NYSE:VICI - Get Free Report)'s share price was up 0.2% during trading on Friday after Stifel Nicolaus raised their price target on the stock from $34.25 to $34.75. Stifel Nicolaus currently has a buy rating on the stock. VICI Properties traded as high as $31.97 and last traded at $31.57. Approximately 1,254,978 shares were traded during trading, a decline of 83% from the average daily volume of 7,472,549 shares. The stock had previously closed at $31.51.
A number of other research analysts have also recently issued reports on VICI. Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. 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. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.07.
Get Our Latest Analysis on VICI
Hedge Funds Weigh In On VICI Properties
A number of hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors LLC bought a new position in shares of VICI Properties in the 3rd quarter worth $441,000. Wilmington Savings Fund Society FSB acquired a new position in shares of VICI Properties during the third quarter worth $125,000. Tidal Investments LLC raised its stake in VICI Properties by 11.9% in the third quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock valued at $1,755,000 after buying an additional 5,620 shares during the last quarter. Synovus Financial Corp boosted its stake in VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company's stock worth $739,000 after purchasing an additional 7,742 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of VICI Properties by 18.4% during the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock valued at $408,000 after buying an additional 2,172 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Stock Performance
The firm has a 50 day moving average price of $31.88 and a 200-day moving average price of $31.11. The stock has a market capitalization of $33.44 billion, a PE ratio of 12.36, a PEG ratio of 3.88 and a beta of 0.74. 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 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 for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. 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. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 69.20%.
VICI Properties Company Profile
(
Get Free Report)
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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