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

VICI Properties Inc. (NYSE:VICI) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.00.

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

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently bought and sold shares of the company. Pensionfund Sabic increased its stake in shares of VICI Properties by 9.2% during the fourth quarter. Pensionfund Sabic now owns 154,000 shares of the company’s stock worth $4,498,000 after acquiring an additional 13,000 shares during the period. Modus Advisors LLC acquired a new position in VICI Properties during the 4th quarter worth approximately $2,261,000. GAMMA Investing LLC raised its stake in shares of VICI Properties by 18.4% during the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after buying an additional 2,172 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after buying an additional 7,742 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of VICI Properties by 11.9% in the third quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock valued at $1,755,000 after buying an additional 5,620 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 1.5 %

Shares of NYSE:VICI opened at $28.81 on Friday. 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 50 day simple moving average of $30.85 and a 200-day simple moving average of $31.38. The company has a market capitalization of $30.37 billion, a PE ratio of 10.67, a P/E/G ratio of 4.12 and a beta of 0.94. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

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.