VICI Properties (NYSE:VICI) Hits New 1-Year High at $34.29

VICI Properties Inc. (NYSE:VICI) hit a new 52-week high on Monday . The company traded as high as $34.29 and last traded at $34.06, with a volume of 452020 shares traded. The stock had previously closed at $33.96.

Analysts Set New Price Targets

VICI has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.44.

VICI Properties Stock Up 0.1 %

The company has a market capitalization of $35.59 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 5.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The firm’s fifty day moving average price is $31.64 and its 200-day moving average price is $29.79.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.09%. VICI Properties’s dividend payout ratio (DPR) is currently 65.61%.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Montag A & Associates Inc. boosted its position in shares of VICI Properties by 3.3% during the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after purchasing an additional 389 shares in the last quarter. Bard Associates Inc. boosted its holdings in shares of VICI Properties by 0.5% during the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after buying an additional 395 shares in the last quarter. MAS Advisors LLC grew its position in shares of VICI Properties by 2.8% during the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after buying an additional 398 shares during the period. Courier Capital LLC increased its stake in shares of VICI Properties by 2.0% in the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after acquiring an additional 417 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of VICI Properties by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after acquiring an additional 448 shares in the last quarter. 97.71% of the stock is currently 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.