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

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.36.

Several research firms recently weighed in on VICI. Mizuho dropped their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Morgan Stanley upped their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, Wells Fargo & Company dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th.

Insider Transactions at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bell Investment Advisors Inc raised its holdings in VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Alaska Permanent Fund Corp raised its holdings in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after acquiring an additional 466 shares during the period. HBC Financial Services PLLC bought a new position in VICI Properties in the 4th quarter valued at about $31,000. Tucker Asset Management LLC raised its holdings in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after acquiring an additional 1,020 shares during the period. Finally, ING Groep NV bought a new position in shares of VICI Properties during the third quarter worth approximately $36,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Down 0.3 %

Shares of VICI opened at $28.47 on Monday. The company has a market capitalization of $29.70 billion, a P/E ratio of 11.48, a PEG ratio of 6.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties has a one year low of $26.63 and a one year high of $34.05. The business’s 50 day simple moving average is $29.01 and its 200-day simple moving average is $29.60.

VICI Properties Dividend Announcement

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