VICI Properties (NYSE:VICI) Upgraded by Wedbush to “Outperform” Rating

Wedbush upgraded shares of VICI Properties (NYSE:VICI) from a neutral rating to an outperform rating in a research report released on Thursday, MarketBeat reports. Wedbush currently has $33.00 price objective on the stock, down from their prior price objective of $34.00.

Other analysts also recently issued reports about the company. Mizuho cut their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.43.

VICI Properties Trading Down 0.8 %

NYSE:VICI opened at $28.99 on Thursday. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 4.12 and a beta of 0.93. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average price is $31.09 and its 200-day moving average price is $31.33. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.97%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP lifted its position 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 buying an additional 999 shares in the last quarter. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Rothschild Investment LLC purchased a new position in VICI Properties during the second quarter valued at approximately $47,000. UMB Bank n.a. boosted its position in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.