Wedbush Upgrades VICI Properties (NYSE:VICI) to Outperform

Wedbush upgraded shares of VICI Properties (NYSE:VICI) from a neutral rating to an outperform rating in a research note issued to investors on Thursday, Marketbeat reports. Wedbush currently has $33.00 target price on the stock, down from their previous target price of $34.00.

A number of other brokerages have also weighed in on VICI. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Finally, Evercore ISI raised 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.43.

VICI Properties Trading Down 0.8 %

VICI stock opened at $28.99 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29. The business has a 50 day simple moving average of $31.09 and a two-hundred day simple moving average of $31.33. The company has a market capitalization of $30.56 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 4.12 and a beta of 0.93.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be given a $0.4325 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.97%. VICI Properties’s dividend payout ratio is currently 64.07%.

Institutional Investors Weigh In On VICI Properties

Institutional investors have recently modified their holdings of the stock. Synovus Financial Corp raised its stake in shares of VICI Properties by 53.6% in the third quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after acquiring an additional 7,742 shares during the period. Tidal Investments LLC raised its position in VICI Properties by 11.9% in the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock worth $1,755,000 after purchasing an additional 5,620 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in VICI Properties in the third quarter worth about $125,000. World Investment Advisors LLC purchased a new position in shares of VICI Properties during the third quarter valued at approximately $441,000. Finally, Sanctuary Advisors LLC grew its stake in shares of VICI Properties by 116.4% during the third quarter. Sanctuary Advisors LLC now owns 123,994 shares of the company’s stock valued at $3,996,000 after buying an additional 66,700 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

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.