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

VICI Properties Inc. (NYSE:VICI) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $34.43.

A number of equities research analysts recently issued reports on the company. Wedbush upgraded VICI Properties from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $34.00 to $33.00 in a research note on Thursday. Mizuho dropped their price target on shares of 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 research note on Tuesday, December 17th. 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, JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th.

VICI Properties Stock Performance

NYSE VICI opened at $29.46 on Friday. 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 company has a market capitalization of $31.06 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 4.12 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 50-day simple moving average of $31.04 and a 200 day simple moving average of $31.34.

VICI Properties Announces Dividend

The company also recently declared 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 dividend yield of 5.87%. VICI Properties’s dividend payout ratio is presently 64.07%.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP grew its position in 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 during the last quarter. Rothschild Investment LLC purchased a new stake in VICI Properties during the 2nd quarter valued at $47,000. Continuum Advisory LLC raised its stake in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. UMB Bank n.a. increased its holdings in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after buying an additional 1,630 shares during the last quarter. Hedge funds and other 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.