VICI Properties Inc. (NYSE:VICI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of VICI Properties Inc. (NYSE:VICIGet Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.58.

A number of research firms recently commented on VICI. Morgan Stanley boosted their target price on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. The Goldman Sachs Group initiated coverage on shares of VICI Properties in a report on Friday, December 8th. They set a “buy” rating and a $36.00 price target on the stock. Mizuho cut their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Wells Fargo & Company cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Finally, Wedbush restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a report on Thursday, December 14th.

Get Our Latest Analysis on VICI Properties

VICI Properties Stock Down 0.4 %

NYSE VICI opened at $29.36 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The company’s 50 day simple moving average is $29.56 and its 200 day simple moving average is $29.72. VICI Properties has a 12 month low of $26.63 and a 12 month high of $34.05. The company has a market capitalization of $30.62 billion, a P/E ratio of 11.84, a PEG ratio of 6.52 and a beta of 0.90.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Wednesday, March 20th. VICI Properties’s dividend payout ratio is 66.94%.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Institutional Trading of VICI Properties

Large investors have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc boosted its holdings in shares of VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares during the period. Alaska Permanent Fund Corp raised its stake in VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after purchasing an additional 466 shares during the last quarter. HBC Financial Services PLLC acquired a new position in VICI Properties during the 4th quarter valued at $31,000. Tucker Asset Management LLC raised its stake in VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Company Profile

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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.

Further Reading

Analyst Recommendations for VICI Properties (NYSE:VICI)

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