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

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $34.25.

VICI has been the subject of several research analyst reports. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Barclays began coverage on VICI Properties in a report on Friday. They issued an “overweight” rating and a $36.00 price target for the company. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday.

VICI Properties Price Performance

NYSE VICI opened at $28.23 on Friday. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. 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 stock has a market capitalization of $29.76 billion, a PE ratio of 10.46, a P/E/G ratio of 4.12 and a beta of 0.94. The stock has a 50-day simple moving average of $30.79 and a 200 day simple moving average of $31.36.

VICI Properties Announces Dividend

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

Institutional Investors Weigh In On VICI Properties

Several large investors have recently modified their holdings of VICI. 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 worth $32,000 after acquiring an additional 999 shares during the last quarter. Continuum Advisory LLC grew its position in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the last quarter. Rothschild Investment LLC bought a new stake in VICI Properties during the 2nd quarter worth approximately $47,000. UMB Bank n.a. grew its position in 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 acquiring an additional 512 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.