Evercore ISI assumed coverage on shares of VICI Properties (NYSE:VICI) in a report issued on Tuesday, Benzinga reports. The brokerage issued an outperform rating and a $26.00 target price on the stock.

VICI has been the topic of several other research reports. LADENBURG THALM/SH SH began coverage on VICI Properties in a research note on Wednesday, January 16th. They set a buy rating and a $24.00 price objective on the stock. Credit Suisse Group began coverage on VICI Properties in a research note on Wednesday, March 20th. They set an outperform rating and a $24.00 price objective on the stock. Zacks Investment Research cut VICI Properties from a hold rating to a strong sell rating in a research note on Friday, February 22nd. SunTrust Banks increased their price target on VICI Properties from $26.00 to $27.00 and gave the stock a buy rating in a research report on Monday. Finally, Goldman Sachs Group upgraded VICI Properties from a neutral rating to a buy rating and set a $23.00 price target on the stock in a research report on Thursday, January 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $24.08.

Shares of VICI opened at $22.03 on Tuesday. The stock has a market capitalization of $8.96 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. VICI Properties has a one year low of $17.58 and a one year high of $22.37. The company has a quick ratio of 162.33, a current ratio of 162.32 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. VICI Properties had a return on equity of 8.24% and a net margin of 58.31%. The firm had revenue of $226.04 million for the quarter, compared to analysts’ expectations of $232.11 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. VICI Properties’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts anticipate that VICI Properties will post 1.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Friday, March 29th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Thursday, March 28th. VICI Properties’s payout ratio is 80.42%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Enterprise Financial Services Corp acquired a new stake in VICI Properties in the 4th quarter valued at approximately $72,000. Macquarie Group Ltd. increased its position in VICI Properties by 120.9% in the 3rd quarter. Macquarie Group Ltd. now owns 158,400 shares of the company’s stock valued at $3,425,000 after acquiring an additional 86,700 shares during the period. PGGM Investments increased its position in VICI Properties by 323.7% in the 4th quarter. PGGM Investments now owns 11,227,000 shares of the company’s stock valued at $210,843,000 after acquiring an additional 8,577,000 shares during the period. Comerica Bank increased its position in VICI Properties by 165.1% in the 4th quarter. Comerica Bank now owns 37,936 shares of the company’s stock valued at $816,000 after acquiring an additional 23,625 shares during the period. Finally, Morgan Stanley increased its position in VICI Properties by 233.3% in the 3rd quarter. Morgan Stanley now owns 176,428 shares of the company’s stock valued at $3,814,000 after acquiring an additional 123,493 shares during the period.

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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