Analysts Set VICI Properties Inc. (NYSE:VICI) PT at $34.22

VICI Properties Inc. (NYSE:VICI) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.22.

A number of equities research analysts have commented on the company. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JMP Securities increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Mizuho dropped their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.67 on Friday. The firm’s 50 day simple moving average is $32.58 and its two-hundred day simple moving average is $30.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $33.39 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.20 and a beta of 0.94. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Trading of VICI Properties

Several institutional investors have recently added to or reduced their stakes in VICI. Geode Capital Management LLC increased its stake in VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after purchasing an additional 608,696 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in shares of VICI Properties by 40,160.6% in the third quarter. Prestige Wealth Management Group LLC now owns 13,286 shares of the company’s stock valued at $448,000 after purchasing an additional 13,253 shares during the period. Brophy Wealth Management LLC bought a new position in VICI Properties in the third quarter worth approximately $426,000. Continuum Advisory LLC raised its position in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares in the last quarter. Finally, Groupama Asset Managment grew its position in shares of VICI Properties by 2.5% during the 3rd quarter. Groupama Asset Managment now owns 102,211 shares of the company’s stock worth $3,405,000 after buying an additional 2,507 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

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.