Citizens Jmp Cuts VICI Properties (NYSE:VICI) Price Target to $31.00

VICI Properties (NYSE:VICI) had its price target lowered by Citizens Jmp from $35.00 to $31.00 in a research report released on Friday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other equities analysts also recently commented on VICI. JPMorgan Chase & Co. downgraded shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Thursday, September 24th. Barclays lowered their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research note on Friday. Scotiabank cut their price target on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a report on Thursday, September 24th. Finally, Morgan Stanley cut their price target on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, September 15th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.00.

VICI Properties Trading Up 0.0%

Shares of VICI stock opened at $22.66 on Friday. The company has a market capitalization of $24.94 billion, a P/E ratio of 8.78 and a beta of 0.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $25.37 and its two-hundred day moving average is $26.84. VICI Properties has a twelve month low of $22.54 and a twelve month high of $33.01.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $0.60 EPS. VICI Properties’s revenue for the quarter was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities analysts forecast that VICI Properties will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 8.1%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s dividend payout ratio is 71.32%.

Institutional Investors Weigh In On VICI Properties

Institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in VICI Properties by 3.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock worth $284,060,000 after acquiring an additional 349,262 shares during the last quarter. Amundi lifted its holdings in shares of VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company’s stock valued at $205,182,000 after purchasing an additional 1,344,994 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $4,858,000. The Manufacturers Life Insurance Company grew its position in shares of VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock valued at $29,147,000 after purchasing an additional 177,238 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after purchasing an additional 734,068 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.