Analysts Set VICI Properties Inc. (NYSE:VICI) Target Price at $34.22

Shares of VICI Properties Inc. (NYSE:VICI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.22.

VICI has been the topic of several recent research reports. Wells Fargo & Company reissued 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. Evercore ISI boosted their price objective on 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 boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Finally, Mizuho dropped their price objective on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of VICI. Quarry LP boosted its holdings in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. increased its stake in shares of VICI Properties by 254.4% during 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 in the last quarter. Carmichael Hill & Associates Inc. increased its position in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock valued at $40,000 after acquiring an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties during the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the second quarter valued at approximately $47,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 1.1 %

Shares of NYSE VICI traded up $0.34 during mid-day trading on Friday, reaching $31.64. 2,447,552 shares of the company traded hands, compared to its average volume of 5,668,478. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $33.35 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 4.15 and a beta of 0.94. The company's fifty day moving average is $32.62 and its two-hundred day moving average is $30.86. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's payout ratio 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.