VICI Properties Inc. (NYSE:VICI) Receives Average Rating of "Moderate Buy" from Analysts

VICI Properties Inc. (NYSE:VICI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $34.33.

Several analysts have weighed in on VICI shares. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Mizuho decreased their target price on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Hedge Funds Weigh In On VICI Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after purchasing an additional 999 shares in the last quarter. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the 4th quarter valued at $33,000. Continuum Advisory LLC grew its holdings 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 acquiring an additional 374 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock worth $63,000 after acquiring an additional 512 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI traded down $0.10 during midday trading on Wednesday, hitting $29.75. 5,285,586 shares of the company's stock were exchanged, compared to its average volume of 6,528,382. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a market cap of $31.36 billion, a P/E ratio of 11.02, a PEG ratio of 3.78 and a beta of 0.94. The stock's 50 day moving average price is $30.08 and its 200-day moving average price is $31.50. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

About VICI Properties

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.