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

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.8462.

Several equities analysts have recently weighed in on VICI shares. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research note on Monday, January 5th. The Goldman Sachs Group reduced their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Scotiabank cut shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $36.00 to $30.00 in a report on Friday, January 30th. Mizuho dropped their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th.

VICI Properties Stock Up 0.1%

VICI stock opened at $28.76 on Friday. The stock has a fifty day moving average of $28.19 and a 200-day moving average of $30.54. VICI Properties has a fifty-two week low of $27.48 and a fifty-two week high of $34.03. The company has a market capitalization of $30.74 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 2.86 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s payout ratio is presently 68.70%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in VICI Properties during the second quarter valued at $486,945,000. UBS Group AG increased its stake in VICI Properties by 99.5% in the 3rd quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after acquiring an additional 4,815,053 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of VICI Properties by 17.9% in the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after acquiring an additional 3,968,349 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of VICI Properties during the second quarter worth about $110,366,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of VICI Properties during the fourth quarter worth about $88,673,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.