Brokerages Set VICI Properties Inc. (NYSE:VICI) Price Target at $34.43

Shares of VICI Properties Inc. (NYSE:VICI) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $34.43.

Several equities research analysts have recently issued reports on VICI shares. Evercore ISI increased their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Mizuho decreased 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, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Carmel Capital Partners LLC raised its stake in VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares during the period. Continuum Advisory LLC raised its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the period. MAS Advisors LLC grew its position in VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after acquiring an additional 398 shares during the period. Insight Folios Inc increased its stake in VICI Properties by 2.5% during the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after acquiring an additional 433 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI opened at $29.56 on Friday. The firm has a fifty day moving average price of $30.98 and a 200 day moving average price of $31.39. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market cap of $31.16 billion, a P/E ratio of 10.95, a P/E/G ratio of 4.12 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.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.85%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

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.