Brokerages Set VICI Properties Inc. (NYSE:VICI) Target Price at $34.43

Shares of VICI Properties Inc. (NYSE:VICI) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.25.

Several research analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th.

VICI Properties Stock Down 2.1 %

NYSE:VICI opened at $28.23 on Friday. The stock’s fifty day moving average price is $30.79 and its two-hundred day moving average price is $31.36. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 4.12 and a beta of 0.94.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is presently 64.07%.

Institutional Trading of VICI Properties

Several hedge funds have recently added to or reduced their stakes in the business. Pensionfund Sabic raised its stake in VICI Properties by 9.2% during the 4th quarter. Pensionfund Sabic now owns 154,000 shares of the company’s stock worth $4,498,000 after buying an additional 13,000 shares during the period. Modus Advisors LLC acquired a new stake in VICI Properties during the 4th quarter worth $2,261,000. GAMMA Investing LLC raised its stake in VICI Properties by 18.4% during the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after buying an additional 2,172 shares during the period. Synovus Financial Corp raised its stake in VICI Properties by 53.6% during the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock worth $739,000 after buying an additional 7,742 shares during the period. Finally, Tidal Investments LLC raised its stake in VICI Properties by 11.9% during the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock worth $1,755,000 after buying an additional 5,620 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.