VICI Properties (NYSE:VICI) Price Target Increased to $36.00 by Analysts at Evercore ISI

VICI Properties (NYSE:VICI) had its price objective raised by Evercore ISI from $35.00 to $36.00 in a research note published on Wednesday, Marketbeat Ratings reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities analysts have also commented on the company. Morgan Stanley reissued an equal weight rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Mizuho lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the company a buy rating in a research report on Friday, May 10th. Finally, Scotiabank upped their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a sector outperform rating in a report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of Moderate Buy and a consensus price target of $33.44.

VICI Properties Stock Up 1.3 %

Shares of NYSE:VICI opened at $33.48 on Wednesday. The firm has a market capitalization of $34.93 billion, a P/E ratio of 13.23, a P/E/G ratio of 5.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a 50 day moving average price of $30.51 and a 200-day moving average price of $29.50. VICI Properties has a 52-week low of $26.63 and a 52-week high of $33.51.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were issued a $0.415 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 4.96%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. Tucker Asset Management LLC grew its position in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares during the period. UMB Bank n.a. raised its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VICI Properties in the 2nd quarter worth $43,000. Institutional investors own 97.71% of the company’s stock.

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.