VICI Properties (NYSE:VICI) Earns Overweight Rating from Analysts at Barclays

Barclays started coverage on shares of VICI Properties (NYSE:VICI) in a research note published on Friday, Marketbeat reports. The brokerage issued an overweight rating and a $36.00 price objective on the stock.

A number of other research firms have also recently issued reports on VICI. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.25.

VICI Properties Trading Down 2.1 %

Shares of VICI stock opened at $28.23 on Friday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock’s fifty day moving average price is $30.72 and its two-hundred day moving average price is $31.41. 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 cap of $29.76 billion, a PE ratio of 10.46, a P/E/G ratio of 4.12 and a beta of 0.94.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 6.13%. VICI Properties’s payout ratio is 64.07%.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its position in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after acquiring an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Modus Advisors LLC acquired a new stake in VICI Properties during the fourth quarter worth approximately $2,261,000. Handelsbanken Fonder AB increased its holdings in VICI Properties by 8.8% in the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after purchasing an additional 47,953 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties in the second quarter valued at approximately $557,000. 97.71% of the stock is currently owned by institutional investors.

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.