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

Shares of VICI Properties Inc. (NYSE:VICI) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.22.

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

VICI Properties Stock Down 0.0 %

Shares of VICI Properties stock opened at $31.30 on Friday. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a market capitalization of $32.99 billion, a PE ratio of 11.59, a P/E/G ratio of 4.14 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The business has a 50-day moving average of $32.62 and a 200-day moving average of $30.86.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 64.07%.

Institutional Investors Weigh In On VICI Properties

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 6,755,553 shares during the last quarter. Capital International Investors boosted its position in shares of VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after buying an additional 4,728,903 shares during the period. Capital Research Global Investors grew its holdings in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after buying an additional 3,001,793 shares in the last quarter. Finally, Boston Partners increased its position in VICI Properties by 35.8% in the 1st quarter. Boston Partners now owns 8,631,164 shares of the company’s stock valued at $257,094,000 after acquiring an additional 2,275,381 shares during the period. 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.