VICI Properties Inc. (NYSE:VICI) Given Average Rating of “Moderate Buy” by Analysts

VICI Properties Inc. (NYSE:VICI) has received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $34.00.

VICI has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st.

VICI Properties Trading Up 0.4 %

NYSE VICI opened at $33.19 on Monday. The company has a market cap of $34.62 billion, a P/E ratio of 13.12, a P/E/G ratio of 5.21 and a beta of 0.93. VICI Properties has a 12 month low of $26.63 and a 12 month high of $34.29. 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 has a 50-day moving average of $32.90 and a 200-day moving average of $30.43.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 68.38%.

Institutional Trading of VICI Properties

Several large investors have recently added to or reduced their stakes in VICI. Montag A & Associates Inc. boosted its position in shares of VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after buying an additional 389 shares during the period. MAS Advisors LLC grew its position in VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after acquiring an additional 398 shares in the last quarter. Courier Capital LLC grew its position in VICI Properties by 2.0% in the first quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after acquiring an additional 417 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after purchasing an additional 442 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. lifted its position in shares of VICI Properties by 7.1% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 7,516 shares of the company’s stock worth $250,000 after purchasing an additional 498 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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.