VICI Properties (NYSE:VICI) Shares Up 0.2% After Analyst Upgrade

VICI Properties Inc. (NYSE:VICI) was up 0.2% during trading on Friday after Stifel Nicolaus raised their price target on the stock from $34.25 to $34.75. Stifel Nicolaus currently has a buy rating on the stock. VICI Properties traded as high as $31.97 and last traded at $31.57. Approximately 1,254,978 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 7,472,549 shares. The stock had previously closed at $31.51.

A number of other research analysts have also recently commented on the company. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial raised their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Mizuho upped their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $35.07.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wayfinding Financial LLC purchased a new position in VICI Properties in the first quarter valued at approximately $29,000. Transce3nd LLC purchased a new position in shares of VICI Properties in the 4th quarter valued at $28,000. AdvisorNet Financial Inc raised its stake in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock worth $33,000 after acquiring an additional 786 shares in the last quarter. CoreCap Advisors LLC lifted its position in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.4 %

The firm’s 50 day simple moving average is $31.88 and its 200-day simple moving average is $31.13. The company has a market cap of $33.44 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.47%. The ex-dividend date was Thursday, March 20th. VICI Properties’s payout ratio is currently 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.