VICI Properties Inc. (NYSE:VICI) Receives Average Rating of “Buy” from Analysts

Shares of VICI Properties Inc. (NYSE:VICIGet Rating) have received an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $36.65.

VICI has been the topic of a number of research analyst reports. JMP Securities initiated coverage on shares of VICI Properties in a research report on Wednesday, August 24th. They set an “outperform” rating and a $38.00 price target on the stock. Raymond James cut their price target on shares of VICI Properties from $38.00 to $36.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, October 4th. Citigroup upped their price target on shares of VICI Properties to $39.00 in a research report on Monday, August 22nd. JPMorgan Chase & Co. upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, October 24th. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of VICI Properties from $36.00 to $34.50 in a report on Wednesday, October 12th.

VICI Properties Stock Up 1.5 %

Shares of VICI Properties stock opened at $32.30 on Monday. VICI Properties has a twelve month low of $26.23 and a twelve month high of $35.69. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 3.13 and a beta of 0.96. The company’s fifty day moving average is $31.40 and its 200 day moving average is $31.56.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This is an increase from VICI Properties’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 4.83%. VICI Properties’s dividend payout ratio (DPR) is 145.80%.

Institutional Trading of VICI Properties

Several institutional investors and hedge funds have recently bought and sold shares of VICI. National Pension Service raised its position in VICI Properties by 15.8% in the 3rd quarter. National Pension Service now owns 1,275,609 shares of the company’s stock worth $37,490,000 after purchasing an additional 174,031 shares during the period. M&T Bank Corp boosted its stake in shares of VICI Properties by 6.2% during the 3rd quarter. M&T Bank Corp now owns 855,505 shares of the company’s stock valued at $25,538,000 after purchasing an additional 49,924 shares in the last quarter. Liberty One Investment Management LLC bought a new stake in shares of VICI Properties during the 3rd quarter valued at about $802,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of VICI Properties by 2.2% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 679,558 shares of the company’s stock valued at $20,285,000 after purchasing an additional 14,540 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of VICI Properties by 20.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 54,673 shares of the company’s stock valued at $1,631,000 after purchasing an additional 9,302 shares in the last quarter.

About VICI Properties

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VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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