VICI Properties Inc. (NYSE:VICI – Get Free Report)’s stock price reached 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 trading hands. The stock had previously closed at $33.96.
Separately, Morgan Stanley restated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.56.
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VICI Properties Stock Performance
The company’s fifty day simple moving average is $31.89 and its 200 day simple moving average is $29.85. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $35.17 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 5.28 and a beta of 0.94.
VICI Properties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a $0.4325 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s dividend 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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