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

VICI Properties Inc. (NYSE:VICI) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $34.22.

Several equities analysts have recently commented on VICI shares. JMP Securities raised their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Evercore ISI increased their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Mizuho cut their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st.

VICI Properties Stock Performance

VICI Properties stock opened at $32.44 on Friday. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $32.47 and its 200-day moving average price is $30.97. The company has a market cap of $34.20 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.33%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of VICI Properties by 14.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after purchasing an additional 59,613 shares in the last quarter. M&G Plc acquired a new stake in shares of VICI Properties during the first quarter worth $324,000. Prevail Innovative Wealth Advisors LLC grew its position in VICI Properties by 25.7% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 115,327 shares of the company’s stock worth $3,436,000 after purchasing an additional 23,612 shares in the last quarter. Intech Investment Management LLC raised its position in VICI Properties by 115.9% during the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after buying an additional 16,824 shares during the period. Finally, Vanguard Group Inc. grew its position in VICI Properties by 4.6% during the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after purchasing an additional 6,755,553 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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.