JMP Securities Reaffirms “Market Outperform” Rating for VICI Properties (NYSE:VICI)

JMP Securities reaffirmed their market outperform rating on shares of VICI Properties (NYSE:VICI) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $35.00 price objective on the stock.

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

VICI Properties Stock Up 0.1 %

Shares of VICI stock opened at $31.13 on Wednesday. The firm’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $31.24. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. 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 firm has a market capitalization of $32.82 billion, a P/E ratio of 11.53, a PEG ratio of 4.15 and a beta of 0.93.

VICI Properties Dividend Announcement

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

Institutional Investors Weigh In On VICI Properties

A number of large investors have recently added to or reduced their stakes in VICI. State Street Corp increased its holdings in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC grew its stake in VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after buying an additional 608,696 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares during the period. Legal & General Group Plc lifted its position in VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after acquiring an additional 251,313 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of VICI Properties by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after acquiring an additional 751,078 shares during the period. Institutional investors own 97.71% of the company’s stock.

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.