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

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.36.

A number of research firms have recently commented on VICI. 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, Morgan Stanley upped their price target 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.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional Trading of VICI Properties

A number of institutional investors have recently modified their holdings of VICI. Handelsbanken Fonder AB boosted its holdings in shares of VICI Properties by 10.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 277,802 shares of the company’s stock valued at $8,084,000 after buying an additional 26,140 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of VICI Properties by 13.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 9,176 shares of the company’s stock valued at $267,000 after purchasing an additional 1,086 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of VICI Properties by 31.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 139,868 shares of the company’s stock valued at $4,070,000 after purchasing an additional 33,854 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of VICI Properties by 6.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 280,589 shares of the company’s stock valued at $8,165,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Toews Corp ADV purchased a new position in VICI Properties during the 3rd quarter worth approximately $777,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Down 0.3 %

Shares of VICI opened at $28.47 on Monday. The company’s fifty day simple moving average is $29.01 and its 200-day simple moving average is $29.60. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The company has a market cap of $29.70 billion, a P/E ratio of 11.48, a P/E/G ratio of 6.40 and a beta of 0.90. VICI Properties has a twelve month low of $26.63 and a twelve month high of $34.05.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.83%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s payout ratio is 66.94%.

VICI Properties Company Profile

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.