VICI Properties Inc. (NYSE:VICI) Receives $33.56 Average Price Target from Analysts

VICI Properties Inc. (NYSE:VICI) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $33.56.

VICI has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st.

VICI Properties Stock Up 0.7 %

Shares of NYSE:VICI opened at $33.12 on Thursday. The firm has a 50 day simple moving average of $32.39 and a 200 day simple moving average of $30.05. VICI Properties has a 52 week low of $26.63 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $34.55 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.22%. The ex-dividend date is Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 68.38%.

Institutional Trading of VICI Properties

Several large investors have recently made changes to their positions in VICI. 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 purchasing an additional 999 shares during the period. Tucker Asset Management LLC increased its position in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,020 shares during the period. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties in the second quarter worth $43,000. Institutional investors own 97.71% of the company’s stock.

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.