VICI Properties (NYSE:VICI) Price Target Raised to $34.00

VICI Properties (NYSE:VICI) had its price target lifted by Mizuho from $30.00 to $34.00 in a research note published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other research firms have also issued reports on VICI. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus increased their target price on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.63.

VICI Properties Stock Down 3.4 %

Shares of NYSE VICI opened at $30.57 on Thursday. The business has a 50-day moving average of $31.36 and a 200-day moving average of $31.30. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 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 expect that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Hedge Funds Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC grew its holdings in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties during the fourth quarter worth about $33,000. Finally, Quarry LP boosted its holdings in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.