VICI Properties (NYSE:VICI) Given Market Outperform Rating at JMP Securities

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

VICI has been the subject of a number of other reports. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties Price Performance

Shares of NYSE VICI opened at $29.62 on Monday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 3.76 and a beta of 0.94. The company’s 50-day moving average price is $30.19 and its 200 day moving average price is $31.51. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.84%. VICI Properties’s payout ratio is 64.07%.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of VICI Properties by 2.9% during the 4th 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 in the last quarter. Rockefeller Capital Management L.P. raised its position in VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd lifted its stake in shares of VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after buying an additional 770,195 shares during the period. Finally, Brookstone Capital Management purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $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.