VICI Properties (NYSE:VICI – Free Report) had its price objective lowered by Cantor Fitzgerald from $34.00 to $32.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Wells Fargo & Company decreased their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target for the company. Scotiabank cut their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.46.
Check Out Our Latest Stock Analysis on VICI Properties
VICI Properties Stock Up 0.5%
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is currently 69.77%.
Institutional Trading of VICI Properties
Institutional investors and hedge funds have recently bought and sold shares of the business. Bayban acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $25,000. Dynamic Wealth Strategies LLC acquired a new stake in VICI Properties during the 1st quarter worth approximately $25,000. State of Wyoming acquired a new stake in VICI Properties during the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. purchased a new position in VICI Properties in the 4th quarter valued at approximately $28,000. Finally, Headlands Technologies LLC purchased a new position in VICI Properties in the 2nd quarter valued at approximately $28,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Company Profile
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
Further Reading
- Five stocks we like better than VICI Properties
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.
