Brokerages Set VICI Properties Inc. (NYSE:VICI) Price Target at $34.20

Shares of VICI Properties Inc. (NYSE:VICI) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $34.20.

Several equities research analysts have weighed in on VICI shares. Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $31.92 on Thursday. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 3.88 and a beta of 0.94. The firm has a fifty day moving average of $31.02 and a two-hundred day moving average of $31.39.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, equities research analysts predict that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Hedge Funds Weigh In On VICI Properties

Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC increased its stake in VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after buying an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after buying an additional 372 shares during the last quarter. Continuum Advisory LLC lifted its position in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock valued at $369,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds 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.