VICI Properties Inc. (NYSE:VICI) Given Average Rating of "Moderate Buy" by Analysts

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have received an average rating of "Moderate Buy" from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.43.

Several equities research analysts recently commented on VICI shares. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Wedbush upgraded shares of VICI Properties from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $34.00 to $33.00 in a research note on Thursday. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st.

VICI Properties Trading Up 1.6 %

VICI Properties stock traded up $0.47 during trading hours on Friday, reaching $29.46. 6,151,492 shares of the company's stock were exchanged, compared to its average volume of 5,892,996. The firm's 50 day simple moving average is $31.04 and its 200 day simple moving average is $31.36. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $31.06 billion, a PE ratio of 10.91, a PEG ratio of 4.12 and a beta of 0.93.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's dividend payout ratio is currently 64.07%.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Rockefeller Capital Management L.P. lifted its stake in VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock valued at $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after purchasing an additional 770,195 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company's stock valued at $19,781,000 after purchasing an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in VICI Properties during the second quarter worth about $557,000. Finally, Los Angeles Capital Management LLC grew its position in VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock worth $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. Institutional investors and hedge funds 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.