Truist Financial Cuts VICI Properties (NYSE:VICI) Price Target to $35.00

VICI Properties (NYSE:VICI) had its target price lowered by Truist Financial from $40.00 to $35.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently commented on VICI. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays started coverage on VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wells Fargo & Company reaffirmed 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. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties Trading Up 1.8 %

NYSE:VICI opened at $29.27 on Tuesday. The firm has a market capitalization of $30.86 billion, a P/E ratio of 10.84, a P/E/G ratio of 3.60 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $30.52 and a 200 day moving average of $31.38. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.91%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Trading of VICI Properties

A number of hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in VICI Properties by 717.1% during the second quarter. Acadian Asset Management LLC now owns 32,121 shares of the company’s stock worth $918,000 after acquiring an additional 28,190 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of VICI Properties by 11.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,889,591 shares of the company’s stock worth $140,038,000 after purchasing an additional 496,351 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares in the last quarter. One Capital Management LLC purchased a new stake in shares of VICI Properties in the 2nd quarter worth approximately $780,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in VICI Properties during the 2nd quarter valued at approximately $346,000. Institutional investors own 97.71% of the company’s stock.

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.