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

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $34.20.

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, 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 research note on Wednesday, January 8th.

VICI Properties Stock Performance

NYSE:VICI opened at $31.92 on Thursday. The firm’s 50-day moving average is $31.02 and its 200-day moving average is $31.39. The company has a market cap 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 company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently modified their holdings of the stock. Transce3nd LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC increased its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Venturi Wealth Management LLC raised its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of VICI Properties during the fourth quarter worth $33,000. Finally, Quarry LP boosted its holdings in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

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.