VICI Properties (NYSE:VICI) Sets New 12-Month High at $32.78

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Mizuho lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their target price on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Stock Up 1.8 %

The company has a market cap of $34.45 billion, a P/E ratio of 13.00, a PEG ratio of 5.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The business’s 50 day moving average price is $30.00 and its 200-day moving average price is $29.37.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were given a $0.415 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.05%. VICI Properties’s payout ratio is 65.61%.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its holdings in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the last quarter. Tucker Asset Management LLC lifted its position in shares of VICI Properties by 1,888.9% during the fourth 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 in the last quarter. UMB Bank n.a. grew its stake in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the 2nd quarter worth approximately $43,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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.