Shares of VICI Properties Inc. (NYSE:VICI – Get Free Report) have been given an average rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $34.10.
A number of research analysts have recently issued reports on the company. Mizuho reduced their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Morgan Stanley raised their price objective on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company reduced their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th.
Read Our Latest Analysis on VICI
Insider Buying and Selling
Institutional Trading of VICI Properties
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc lifted its holdings in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares during the period. Alaska Permanent Fund Corp lifted its holdings in shares of VICI Properties by 87.4% during the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after purchasing an additional 466 shares during the last quarter. HBC Financial Services PLLC purchased a new position in shares of VICI Properties during the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC lifted its holdings in shares of VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Stock Up 1.2 %
VICI opened at $28.90 on Monday. The business’s fifty day simple moving average is $28.97 and its 200 day simple moving average is $29.60. VICI Properties has a 52 week low of $26.63 and a 52 week high of $33.46. The stock has a market cap of $30.15 billion, a PE ratio of 11.65, a P/E/G ratio of 6.53 and a beta of 0.90. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.74%. VICI Properties’s payout ratio is presently 66.94%.
About VICI Properties
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.
See Also
- Five stocks we like better than VICI Properties
- What is the Dogs of the Dow Strategy? Overview and Examples
- AMD is Down 35%. Now is the Time to Buy the Dip
- How to Invest in Biotech Stocks
- Amazon Stands Tall: New Highs Are in Sight
- The How and Why of Investing in Biotech Stocks
- Chesapeake Energy Stock is The Energy Play, Earnings Confirm
Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.