Stifel Nicolaus Forecasts Strong Price Appreciation for VICI Properties (NYSE:VICI) Stock

VICI Properties (NYSE:VICI) had its target price upped by Stifel Nicolaus from $33.75 to $34.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Barclays reduced their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. 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 report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Price Performance

NYSE VICI opened at $31.25 on Friday. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The stock has a 50-day moving average of $29.59 and a 200 day moving average of $31.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market capitalization of $32.95 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last announced its quarterly 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). The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, sell-side analysts forecast that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 67.58%.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds have recently modified their holdings of VICI. State Street Corp lifted its stake in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. Capital Research Global Investors raised its holdings in VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock valued at $1,592,283,000 after acquiring an additional 984,421 shares during the period. Geode Capital Management LLC lifted its position in shares of VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after acquiring an additional 1,036,344 shares in the last quarter. Capital World Investors boosted its stake in shares of VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after acquiring an additional 2,903,744 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after purchasing an additional 130,659 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.