KeyCorp Reaffirms Sector Weight Rating for VICI Properties (NYSE:VICI)

KeyCorp reissued their sector weight rating on shares of VICI Properties (NYSE:VICI - Free Report) in a report issued on Tuesday, MarketBeat.com reports.

VICI has been the subject of several other research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Mizuho decreased their price target 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. Evercore ISI boosted their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

VICI Properties Stock Down 1.4 %

Shares of VICI stock traded down $0.44 during trading hours on Tuesday, reaching $30.05. The company had a trading volume of 8,298,648 shares, compared to its average volume of 5,608,976. The company has a market capitalization of $31.68 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. The stock's fifty day simple moving average is $32.03 and its 200 day simple moving average is $31.31. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date is Tuesday, December 17th. VICI Properties's dividend payout ratio is 64.07%.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its position 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 buying an additional 999 shares during the last quarter. UMB Bank n.a. grew its stake in 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 acquiring an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. raised its position 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VICI Properties in the 2nd quarter worth approximately $43,000. Finally, Continuum Advisory LLC raised 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 buying an additional 374 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

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.