VICI Properties Inc. (NYSE:VICI) Given Consensus Recommendation of “Moderate Buy” by Analysts

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.56.

A number of research firms have commented on VICI. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $33.31 on Thursday. VICI Properties has a 12-month low of $26.63 and a 12-month high of $34.29. The company’s 50 day moving average price is $32.45 and its two-hundred day moving average price is $30.09. The firm has a market cap of $34.88 billion, a PE ratio of 13.17, a PEG ratio of 5.20 and a beta of 0.94. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 68.38%.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC grew its holdings in shares of VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares during the last quarter. Quarry LP raised its stake in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. grew its stake in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in 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 purchasing an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties during the 2nd 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.