VICI Properties (NYSE:VICI) Price Target Lowered to $35.00 at Barclays

VICI Properties (NYSE:VICI) had its price target lowered by Barclays from $36.00 to $35.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages also recently commented on VICI. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Price Performance

Shares of VICI stock opened at $30.13 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $31.77 billion, a P/E ratio of 11.16, a P/E/G ratio of 3.80 and a beta of 0.95. The company’s 50-day simple moving average is $29.88 and its two-hundred day simple moving average is $31.47. VICI Properties has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.74%. VICI Properties’s payout ratio is 64.07%.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Promus Capital LLC purchased a new stake in VICI Properties during the fourth quarter valued at approximately $63,000. Arizona State Retirement System raised its holdings in shares of VICI Properties by 1.8% in the fourth quarter. Arizona State Retirement System now owns 304,153 shares of the company’s stock worth $8,884,000 after buying an additional 5,283 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of VICI Properties in the fourth quarter worth $1,389,000. Atria Investments Inc raised its holdings in shares of VICI Properties by 86.6% in the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock worth $1,441,000 after buying an additional 22,897 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of VICI Properties by 1.4% in the fourth quarter. Assetmark Inc. now owns 2,016,695 shares of the company’s stock worth $58,908,000 after buying an additional 27,436 shares during 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.