Cantor Fitzgerald Cuts VICI Properties (NYSE:VICI) Price Target to $35.00

VICI Properties (NYSE:VICI) had its price target reduced by Cantor Fitzgerald from $37.00 to $35.00 in a research note released on Thursday, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on VICI. JPMorgan Chase & Co. lifted their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Barclays raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Stifel Nicolaus lowered their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Evercore ISI cut their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, Wells Fargo & Company boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.69.

VICI Properties Trading Up 1.8%

Shares of NYSE:VICI opened at $30.33 on Thursday. VICI Properties has a 52 week low of $27.98 and a 52 week high of $34.03. The company’s 50 day moving average is $31.78 and its two-hundred day moving average is $32.25. The company has a market cap of $32.41 billion, a PE ratio of 11.58, a P/E/G ratio of 3.02 and a beta of 0.72. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts predict that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a $0.45 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 18th. This represents a $1.80 annualized dividend and a yield of 5.9%. VICI Properties’s payout ratio is currently 68.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VICI. World Investment Advisors boosted its stake in shares of VICI Properties by 15.0% during the first quarter. World Investment Advisors now owns 14,801 shares of the company’s stock worth $483,000 after buying an additional 1,934 shares during the period. Crossmark Global Holdings Inc. raised its stake in VICI Properties by 6.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 18,296 shares of the company’s stock valued at $597,000 after acquiring an additional 1,148 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in VICI Properties by 1.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 662,378 shares of the company’s stock worth $21,269,000 after acquiring an additional 10,224 shares during the period. Greenleaf Trust grew its stake in shares of VICI Properties by 39.7% in the 1st quarter. Greenleaf Trust now owns 13,154 shares of the company’s stock valued at $429,000 after purchasing an additional 3,738 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of VICI Properties by 6.0% in the 1st quarter. Principal Securities Inc. now owns 34,119 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,922 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.