VICI Properties (NYSE:VICI) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of VICI Properties (NYSE:VICI - Free Report) from a neutral rating to an outperform rating in a report released on Thursday morning, MarketBeat.com reports. The firm currently has $33.00 price objective on the stock, down from their prior price objective of $34.00.

Several other research analysts have also commented on the stock. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Wednesday, December 11th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho decreased their price target on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.43.

VICI Properties Trading Down 0.8 %

VICI stock traded down $0.22 during trading on Thursday, reaching $28.99. 5,560,723 shares of the stock traded hands, compared to its average volume of 5,624,271. The firm has a market capitalization of $30.56 billion, a PE ratio of 10.74, a P/E/G ratio of 4.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The business's 50 day moving average price is $31.16 and its 200-day moving average price is $31.34. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.97%. VICI Properties's dividend payout ratio is presently 64.07%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after purchasing an additional 999 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after buying an additional 374 shares during the last quarter. Rothschild Investment LLC acquired a new stake in VICI Properties in the second quarter valued at $47,000. UMB Bank n.a. boosted its stake in VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock valued at $63,000 after acquiring an additional 512 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Institutional investors and hedge funds 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.