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

Shares of VICI Properties Inc. (NYSE:VICI) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $34.00.

A number of research firms recently weighed in on VICI. Wedbush upgraded VICI Properties from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from $34.00 to $33.00 in a report on Thursday, January 2nd. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Mizuho dropped their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday.

VICI Properties Trading Down 1.5 %

Shares of VICI opened at $28.81 on Friday. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $30.37 billion, a P/E ratio of 10.67, a PEG ratio of 4.12 and a beta of 0.94. The firm’s 50-day moving average is $30.85 and its two-hundred day moving average is $31.38.

VICI Properties Dividend Announcement

The business also recently disclosed 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. This represents a $1.73 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP raised its position in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the last quarter. Continuum Advisory LLC raised its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of VICI Properties during the 2nd quarter worth $47,000. UMB Bank n.a. lifted its stake in shares of VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other 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.