VICI Properties Inc. (NYSE:VICI) Receives $34.00 Consensus PT from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $34.00.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI lifted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th.

VICI Properties Trading Up 0.2 %

Shares of NYSE:VICI opened at $32.84 on Monday. VICI Properties has a 12 month low of $26.63 and a 12 month high of $34.29. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $30.49. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 5.21 and a beta of 0.93.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.27%. VICI Properties’s payout ratio is currently 68.38%.

Institutional Investors Weigh In On VICI Properties

Several hedge funds have recently bought and sold shares of VICI. SG Americas Securities LLC grew its stake in shares of VICI Properties by 671.3% in the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after acquiring an additional 627,979 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in VICI Properties by 15.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after purchasing an additional 246,983 shares during the period. Norden Group LLC bought a new stake in VICI Properties in the 1st quarter valued at about $1,033,000. Intech Investment Management LLC boosted its holdings in VICI Properties by 115.9% in the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after purchasing an additional 16,824 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in VICI Properties by 14.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after purchasing an additional 59,613 shares during the period. 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.