VICI Properties (NYSE:VICI) Hits New 1-Year High at $32.78

VICI Properties Inc. (NYSE:VICI) shares reached a new 52-week high on Friday . The stock traded as high as $32.78 and last traded at $32.76, with a volume of 311786 shares traded. The stock had previously closed at $32.33.

Analysts Set New Price Targets

VICI has been the subject of a number of research reports. Scotiabank lifted their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho upped their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Stock Performance

The company has a market cap of $34.13 billion, a P/E ratio of 12.97, a PEG ratio of 4.97 and a beta of 0.92. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $29.91 and a 200-day moving average price of $29.35.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were given a $0.415 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 5.07%. VICI Properties’s dividend payout ratio is presently 65.61%.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC increased its stake in shares of VICI Properties by 0.8% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after acquiring an additional 355 shares during the period. Montag A & Associates Inc. raised its stake in shares of VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after buying an additional 389 shares in the last quarter. Bard Associates Inc. raised its stake in shares of VICI Properties by 0.5% in 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 lifted its holdings in shares of VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after buying an additional 398 shares during the period. Finally, Courier Capital LLC boosted its stake in VICI Properties by 2.0% during the first quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after buying an additional 417 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.