VICI Properties Inc. (NYSE:VICI – Get Free Report) shares hit a new 52-week high on Monday after Evercore ISI raised their price target on the stock from $36.00 to $37.00. Evercore ISI currently has an outperform rating on the stock. VICI Properties traded as high as $34.29 and last traded at $34.06, with a volume of 452020 shares changing hands. The stock had previously closed at $33.96.
Separately, Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven 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 price target of $33.56.
View Our Latest Report on VICI
Institutional Investors Weigh In On VICI Properties
VICI Properties Price Performance
The firm has a market cap of $35.17 billion, a P/E ratio of 13.32, a PEG ratio of 5.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The company’s 50-day moving average is $31.89 and its two-hundred day moving average is $29.85.
VICI Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 68.38%.
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.
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