VICI Properties’ (VICI) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of VICI Properties (NYSE:VICI) in a research note released on Wednesday,Benzinga reports. They currently have a $35.00 price target on the stock.

A number of other research firms also recently weighed in on VICI. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Trading Up 0.1 %

Shares of NYSE VICI opened at $31.13 on Wednesday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market capitalization of $32.82 billion, a P/E ratio of 11.53, a P/E/G ratio of 4.15 and a beta of 0.93. 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 company’s 50 day simple moving average is $32.06 and its 200 day simple moving average is $31.24.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. VICI Properties’s payout ratio is 64.07%.

Institutional Trading of VICI Properties

Several hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp increased its position in shares of VICI Properties by 53.6% during the third quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock worth $739,000 after acquiring an additional 7,742 shares in the last quarter. Tidal Investments LLC increased its holdings in VICI Properties by 11.9% during the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock worth $1,755,000 after purchasing an additional 5,620 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of VICI Properties in the 3rd quarter valued at about $125,000. World Investment Advisors LLC bought a new stake in shares of VICI Properties in the third quarter valued at about $441,000. Finally, Sanctuary Advisors LLC boosted its position in shares of VICI Properties by 116.4% during the third quarter. Sanctuary Advisors LLC now owns 123,994 shares of the company’s stock worth $3,996,000 after buying an additional 66,700 shares during the period. 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.