Brokerages Set VICI Properties Inc. (NYSE:VICI) PT at $34.00

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.00.

A number of brokerages have commented on VICI. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Wells Fargo & Company restated an "overweight" rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st.

VICI Properties Stock Down 1.8 %

Shares of VICI Properties stock traded down $0.60 during midday trading on Monday, hitting $32.59. The company's stock had a trading volume of 3,822,160 shares, compared to its average volume of 5,770,023. VICI Properties has a 1-year low of $26.63 and a 1-year high of $34.29. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $34.00 billion, a P/E ratio of 13.12, a PEG ratio of 5.21 and a beta of 0.93. The stock has a 50-day simple moving average of $32.90 and a 200-day simple moving average of $30.43.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.31%. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's dividend payout ratio (DPR) is presently 68.38%.

Institutional Trading of VICI Properties

Several large investors have recently added to or reduced their stakes in VICI. Quarry LP increased its holdings in shares of VICI Properties by 780.5% during the 2nd 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. raised its position 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 valued at $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its stake in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after buying an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties during the 2nd quarter worth $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties in the 2nd quarter valued at $47,000. 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.