VICI Properties’ (VICI) “Sector Weight” Rating Reiterated at KeyCorp

KeyCorp restated their sector weight rating on shares of VICI Properties (NYSE:VICI) in a report released on Tuesday morning, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the stock. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Evercore ISI lifted their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.67.

VICI Properties Trading Down 2.2 %

VICI opened at $28.27 on Tuesday. The firm has a market cap of $29.80 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The business’s 50 day moving average is $31.92 and its two-hundred day moving average is $31.30. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. Geode Capital Management LLC grew its stake in VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after acquiring an additional 608,696 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in VICI Properties by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares in the last quarter. Legal & General Group Plc raised its position in VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after acquiring an additional 251,313 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of VICI Properties by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock valued at $345,530,000 after purchasing an additional 751,078 shares in the last quarter. 97.71% of the stock is 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.