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

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $35.36.

VICI has been the topic of several research reports. JMP Securities lowered their price target on shares of VICI Properties from $38.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, October 16th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 target price on shares of VICI Properties in a report on Tuesday, August 1st. Wells Fargo & Company assumed coverage on VICI Properties in a research report on Wednesday, September 20th. They issued an “overweight” rating and a $36.00 price target for the company. Finally, Wedbush initiated coverage on VICI Properties in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $31.00 price objective on the stock.

VICI Properties Stock Performance

NYSE VICI opened at $29.17 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.97 and a quick ratio of 2.97. The company has a fifty day moving average price of $29.48 and a 200-day moving average price of $30.90. VICI Properties has a 1 year low of $26.63 and a 1 year high of $35.07. The firm has a market cap of $30.18 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.86 and a beta of 0.97.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Wednesday, September 20th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.39. VICI Properties’s dividend payout ratio is 69.46%.

Institutional Trading of VICI Properties

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of VICI Properties by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $2,810,583,000 after purchasing an additional 10,248,110 shares in the last quarter. Norges Bank purchased a new position in shares of VICI Properties during the 4th quarter worth approximately $331,955,000. Bank of America Corp DE raised its position in shares of VICI Properties by 14.2% in the 1st quarter. Bank of America Corp DE now owns 35,912,812 shares of the company’s stock worth $1,171,476,000 after acquiring an additional 4,477,196 shares in the last quarter. Boston Partners purchased a new position in shares of VICI Properties in the 1st quarter valued at approximately $124,241,000. Finally, Morgan Stanley grew its stake in VICI Properties by 43.8% in the fourth quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock worth $358,768,000 after purchasing an additional 3,372,327 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.