VICI Properties (NYSE:VICI) Price Target Raised to $36.00

VICI Properties (NYSE:VICI) had its price objective increased by Barclays from $35.00 to $36.00 in a research note published on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

VICI has been the subject of a number of other reports. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.30.

VICI Properties Stock Down 1.4 %

VICI opened at $31.95 on Tuesday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $31.48. The company has a market capitalization of $33.74 billion, a P/E ratio of 12.48, a P/E/G ratio of 3.88 and a beta of 0.94.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.42%. VICI Properties’s payout ratio is 67.58%.

Institutional Investors Weigh In On VICI Properties

Institutional investors have recently bought and sold shares of the company. State Street Corp raised 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 worth $1,873,869,000 after purchasing an additional 1,164,717 shares in the last quarter. Capital Research Global Investors raised its stake in shares of VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock worth $1,592,283,000 after purchasing an additional 984,421 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Capital World Investors raised its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of VICI Properties by 0.5% during the 4th 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. Institutional investors own 97.71% of the company’s stock.

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.