Analysts Set VICI Properties Inc. (NYSE:VICI) PT at $34.63

VICI Properties Inc. (NYSE:VICI) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $34.63.

VICI has been the topic of a number of research analyst reports. Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th.

Hedge Funds Weigh In On VICI Properties

Several large investors have recently modified their holdings of the business. Transce3nd LLC acquired a new stake in VICI Properties in the fourth quarter valued at $28,000. CoreCap Advisors LLC grew its position in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the fourth quarter worth about $33,000. Finally, Quarry LP raised its position in shares of VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.6 %

Shares of VICI Properties stock opened at $32.56 on Monday. 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 has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market capitalization of $34.40 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.88 and a beta of 0.70. The firm’s 50-day moving average price is $31.61 and its two-hundred day moving average price is $31.13.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, analysts forecast that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 yield of 5.31%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

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.