VICI Properties Inc. (NYSE:VICI) Receives Average Rating of “Moderate Buy” from Brokerages

VICI Properties Inc. (NYSE:VICI) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $33.8462.

A number of research analysts recently commented on the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Mizuho cut their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $36.00 to $30.00 in a research report on Friday, January 30th. Barclays dropped their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a research report on Monday, January 5th.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $28.76 on Friday. The company’s fifty day moving average price is $28.19 and its 200-day moving average price is $30.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The firm 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. VICI Properties has a one year low of $27.48 and a one year high of $34.03.

VICI Properties Dividend Announcement

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

Institutional Trading of VICI Properties

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP boosted its holdings in VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after acquiring an additional 26,017 shares during the period. DAVENPORT & Co LLC grew its position in VICI Properties by 6.0% during the 2nd quarter. DAVENPORT & Co LLC now owns 11,290 shares of the company’s stock worth $368,000 after acquiring an additional 644 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in VICI Properties by 5.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 51,330 shares of the company’s stock worth $1,673,000 after purchasing an additional 2,599 shares during the period. Finally, Leo Wealth LLC increased its stake in VICI Properties by 5.7% in the 2nd quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock worth $237,000 after purchasing an additional 391 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Company Profile

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.