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

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

Several equities analysts recently weighed in on VICI shares. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. KeyCorp reaffirmed 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 report on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Stifel Nicolaus upped their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.

Institutional Inflows and Outflows

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

VICI Properties Trading Up 1.4 %

Shares of NYSE:VICI opened at $31.98 on Thursday. The firm has a fifty day moving average of $30.90 and a two-hundred day moving average of $31.40. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market capitalization of $33.79 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

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

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.41%. VICI Properties’s payout ratio is 67.58%.

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.