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

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $34.22.

A number of research firms have issued reports on VICI. Evercore ISI upped their target price 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. Mizuho decreased their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. JMP Securities boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st.

VICI Properties Price Performance

VICI stock opened at $31.30 on Friday. The stock’s 50 day moving average price is $32.62 and its 200 day moving average price is $30.86. The firm has a market cap of $32.99 billion, a P/E ratio of 11.59, a PEG ratio of 4.14 and a beta of 0.94. 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 has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date 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 yield of 5.53%. VICI Properties’s dividend payout ratio is currently 64.07%.

Institutional Trading of VICI Properties

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of VICI Properties during the 3rd quarter valued at $103,000. Erste Asset Management GmbH acquired a new position in shares of VICI Properties during the third quarter worth about $3,161,000. Captrust Financial Advisors boosted its position in shares of VICI Properties by 4.6% in the third quarter. Captrust Financial Advisors now owns 34,861 shares of the company’s stock worth $1,161,000 after buying an additional 1,533 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of VICI Properties by 8.0% in the third 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 in the last quarter. Finally, Walleye Capital LLC acquired a new position in VICI Properties during the 3rd quarter worth approximately $717,000. 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.