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

Shares of VICI Properties Inc. (NYSE:VICI) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.67.

VICI has been the topic of a number of recent research reports. Mizuho cut their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday.

Institutional Investors Weigh In On VICI Properties

Several hedge funds have recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after acquiring an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC lifted its position in VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the period. Canada Pension Plan Investment Board boosted its stake in VICI Properties by 101.4% during the second quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock worth $98,910,000 after buying an additional 1,739,147 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of VICI Properties by 35.5% in the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after buying an additional 1,185,463 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI opened at $31.13 on Tuesday. 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 firm has a market cap of $32.82 billion, a PE ratio of 11.53, a PEG ratio of 4.12 and a beta of 0.93. The firm’s 50 day moving average price is $32.06 and its 200 day moving average price is $31.26. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.56%. VICI Properties’s payout ratio is 64.07%.

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.