Evercore ISI Raises VICI Properties (NYSE:VICI) Price Target to $37.00

VICI Properties (NYSE:VICI) had its price objective increased by Evercore ISI from $36.00 to $37.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the stock.

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

VICI Properties Stock Performance

Shares of VICI stock opened at $32.82 on Monday. The firm has a market capitalization of $34.36 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. The firm has a fifty day simple moving average of $32.06 and a two-hundred day simple moving average of $29.89. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties has a 12 month low of $26.63 and a 12 month high of $34.29.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.27%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares during the period. Capital International Investors raised its holdings in VICI Properties by 7.5% during the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after acquiring an additional 4,728,903 shares during the period. Capital Research Global Investors lifted its position in shares of VICI Properties by 8.7% during the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after acquiring an additional 3,001,793 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after purchasing an additional 201,899 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.