VICI Properties (NYSE:VICI) Given New $36.00 Price Target at Wells Fargo & Company

VICI Properties (NYSE:VICI) had its price objective hoisted by Wells Fargo & Company from $35.00 to $36.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

VICI has been the topic of a number of other reports. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Morgan Stanley upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Robert W. Baird increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Finally, Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

VICI Properties Price Performance

VICI stock opened at $33.80 on Wednesday. The company has a market cap of $36.04 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $32.14. VICI Properties has a 12-month low of $27.98 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period in the previous year, the company posted $0.57 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, research analysts predict that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.1%. VICI Properties’s payout ratio is presently 66.28%.

Hedge Funds Weigh In On VICI Properties

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in VICI Properties by 756.8% during the fourth quarter. NewEdge Advisors LLC now owns 12,346 shares of the company’s stock valued at $361,000 after buying an additional 10,905 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of VICI Properties by 20.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 13,649 shares of the company’s stock valued at $399,000 after acquiring an additional 2,352 shares during the last quarter. Quarry LP raised its position in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares in the last quarter. Northern Trust Corp lifted its stake in VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company’s stock worth $354,512,000 after purchasing an additional 3,298,314 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in VICI Properties by 15.7% during the fourth quarter. Lido Advisors LLC now owns 13,017 shares of the company’s stock worth $386,000 after purchasing an additional 1,762 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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.