Truist Financial Increases VICI Properties (NYSE:VICI) Price Target to $38.00

VICI Properties (NYSE:VICI) had its price objective increased by Truist Financial from $35.00 to $38.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Mizuho lifted their price target 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. 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. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.93.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.23 on Wednesday. The company’s fifty day moving average price is $31.84 and its two-hundred day moving average price is $31.15. 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 has a market capitalization of $34.06 billion, a P/E ratio of 12.59, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties has a 12 month low of $27.53 and a 12 month high of $34.29.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. increased its stake in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after purchasing an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new position in shares of VICI Properties in the fourth quarter worth approximately $3,817,000. CHURCHILL MANAGEMENT Corp raised its holdings in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares during the period. Border to Coast Pensions Partnership Ltd lifted its position in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in VICI Properties in the 4th quarter worth approximately $359,000. 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.