VICI Properties (NYSE:VICI) Earns “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of VICI Properties (NYSE:VICI) in a research report released on Monday,Benzinga reports. JMP Securities currently has a $35.00 target price on the stock.

A number of other analysts have also issued reports on the company. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial lowered 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. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

VICI Properties Price Performance

NYSE:VICI opened at $30.52 on Monday. The stock’s fifty day moving average is $30.28 and its two-hundred day moving average is $31.52. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $32.17 billion, a P/E ratio of 11.30, a P/E/G ratio of 3.76 and a beta of 0.94.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.67%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bleakley Financial Group LLC grew its stake in VICI Properties by 2.5% in the 4th quarter. Bleakley Financial Group LLC now owns 40,494 shares of the company’s stock valued at $1,183,000 after acquiring an additional 969 shares during the last quarter. NovaPoint Capital LLC increased its stake in shares of VICI Properties by 8.2% during the 4th quarter. NovaPoint Capital LLC now owns 15,131 shares of the company’s stock valued at $442,000 after acquiring an additional 1,151 shares during the last quarter. Tectonic Advisors LLC raised its stake in VICI Properties by 15.9% during the fourth quarter. Tectonic Advisors LLC now owns 237,250 shares of the company’s stock worth $6,930,000 after purchasing an additional 32,625 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of VICI Properties by 9.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 141,213 shares of the company’s stock worth $4,088,000 after buying an additional 11,926 shares during the period. Finally, Y.D. More Investments Ltd raised its holdings in shares of VICI Properties by 29.6% in the 4th quarter. Y.D. More Investments Ltd now owns 5,104 shares of the company’s stock worth $149,000 after purchasing an additional 1,166 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.