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

Shares of VICI Properties Inc. (NYSE:VICI) have received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.33.

A number of analysts recently commented on VICI shares. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. 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. Barclays assumed coverage on shares of VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 target price for the company. Finally, Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th.

VICI Properties Stock Down 1.7 %

NYSE VICI opened at $30.02 on Wednesday. The stock has a market capitalization of $31.65 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94. 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. The stock has a fifty day moving average of $30.24 and a 200-day moving average of $31.52.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently modified their holdings of VICI. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after buying an additional 40,733 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its position in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $2,261,000. 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.