VICI Properties Inc. (NYSE:VICI) Receives $34.22 Consensus Price Target from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.22.

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

Institutional Investors Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in VICI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in VICI Properties by 14.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after buying an additional 59,613 shares during the period. M&G Plc acquired a new stake in VICI Properties in the first quarter valued at approximately $324,000. Prevail Innovative Wealth Advisors LLC increased its position in shares of VICI Properties by 25.7% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 115,327 shares of the company’s stock valued at $3,436,000 after buying an additional 23,612 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of VICI Properties by 115.9% during the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock worth $934,000 after buying an additional 16,824 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $31.67 on Friday. The company has a market cap of $33.39 billion, a P/E ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock’s 50-day moving average is $32.58 and its 200 day moving average is $30.91. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

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.