VICI Properties (NYSE:VICI) PT Raised to $37.00 at Evercore ISI

VICI Properties (NYSE:VICI) had its price objective raised by Evercore ISI from $36.00 to $37.00 in a report published on Monday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Separately, Morgan Stanley reiterated an equal weight rating and set a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $33.56.

VICI Properties Price Performance

NYSE:VICI opened at $33.06 on Monday. The company has a market cap of $34.62 billion, a P/E ratio of 13.07, a P/E/G ratio of 5.35 and a beta of 0.94. The firm’s fifty day moving average price is $31.99 and its two-hundred day moving average price is $29.87. VICI Properties has a one year low of $26.63 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC boosted its position in shares of VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after acquiring an additional 1,020 shares in the last quarter. Quarry LP lifted its stake in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. raised its holdings in shares of VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after buying an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties during the 2nd quarter worth $43,000. 97.71% of the stock is owned by institutional investors and hedge funds.

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.