VICI Properties Inc. (NYSE:VICI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.00.

Several research firms recently issued reports on VICI. 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 raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st.

Institutional Investors Weigh In On VICI Properties

Several hedge funds have recently bought and sold shares of VICI. Quarry LP lifted its holdings in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares in the last quarter. UMB Bank n.a. raised its holdings in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its stake in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties in the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the second quarter worth $47,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.3 %

Shares of VICI opened at $31.76 on Tuesday. The business’s fifty day moving average price is $32.17 and its two-hundred day moving average price is $31.20. The firm has a market capitalization of $33.48 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 4.19 and a beta of 0.93. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

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.