Truist Securities Trims VICI Properties (NYSE:VICI) Target Price to $35.00

VICI Properties (NYSE:VICI) had its target price trimmed by Truist Securities from $38.00 to $35.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a buy rating on the stock. Truist Securities also issued estimates for VICI Properties’ Q1 2022 earnings at $0.45 EPS, Q2 2022 earnings at $0.45 EPS, Q3 2022 earnings at $0.49 EPS and Q4 2022 earnings at $0.50 EPS.

A number of other equities research analysts have also recently commented on VICI. Morgan Stanley started coverage on shares of VICI Properties in a research report on Wednesday, December 15th. They issued an equal weight rating and a $32.00 target price for the company. KeyCorp upgraded shares of VICI Properties from a sector weight rating to an overweight rating and set a $33.00 target price for the company in a research report on Wednesday, October 6th. Robert W. Baird reiterated a buy rating on shares of VICI Properties in a research report on Tuesday, October 5th. Zacks Investment Research upgraded shares of VICI Properties from a sell rating to a hold rating in a research report on Saturday, November 13th. Finally, Truist reduced their target price on shares of VICI Properties from $38.00 to $35.00 and set a buy rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $35.68.

NYSE VICI traded down $0.03 during trading hours on Thursday, reaching $28.37. The stock had a trading volume of 89,945 shares, compared to its average volume of 5,425,118. The stock has a fifty day moving average of $28.63 and a 200 day moving average of $29.73. The stock has a market cap of $17.84 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. VICI Properties has a 52-week low of $24.74 and a 52-week high of $33.35. The company has a debt-to-equity ratio of 12.48, a quick ratio of 14.85 and a current ratio of 14.85.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, October 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.17). The company had revenue of $375.70 million during the quarter, compared to analyst estimates of $375.42 million. VICI Properties had a net margin of 68.05% and a return on equity of 13.98%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, equities research analysts forecast that VICI Properties will post 1.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 6th. Stockholders of record on Thursday, December 23rd were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Wednesday, December 22nd. VICI Properties’s payout ratio is 77.84%.

In other news, COO John W. R. Payne bought 8,830 shares of VICI Properties stock in a transaction that occurred on Wednesday, November 24th. The shares were purchased at an average price of $28.40 per share, with a total value of $250,772.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Samantha Sacks Gallagher acquired 3,400 shares of the business’s stock in a transaction on Thursday, November 4th. The shares were bought at an average cost of $29.25 per share, for a total transaction of $99,450.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 16,718 shares of company stock valued at $477,311. Insiders own 0.22% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of VICI Properties by 7.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 198,700 shares of the company’s stock valued at $6,164,000 after acquiring an additional 13,500 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of VICI Properties by 5.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 261,327 shares of the company’s stock valued at $8,106,000 after acquiring an additional 13,774 shares during the period. Heitman Real Estate Securities LLC increased its holdings in shares of VICI Properties by 13.2% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 2,695,091 shares of the company’s stock valued at $83,602,000 after acquiring an additional 314,007 shares during the period. Ashford Capital Management Inc. acquired a new position in shares of VICI Properties in the 2nd quarter valued at $2,389,000. Finally, AE Wealth Management LLC increased its holdings in shares of VICI Properties by 30.9% in the 3rd quarter. AE Wealth Management LLC now owns 53,562 shares of the company’s stock valued at $1,522,000 after acquiring an additional 12,652 shares during the period.

About VICI Properties

VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.

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