VICI Properties Inc. (NYSE:VICI) Receives $34.00 Average Price Target from Analysts

VICI Properties Inc. (NYSE:VICI) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $34.00.

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $32.10 on Monday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $33.00 and a 200-day simple moving average of $30.55. The company has a market cap of $33.49 billion, a PE ratio of 12.69, a P/E/G ratio of 5.15 and a beta of 0.93. VICI Properties has a 12-month low of $26.63 and a 12-month high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties’s payout ratio is presently 68.38%.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties in the second quarter valued at $43,000. Finally, Rothschild Investment LLC bought a new position in shares of VICI Properties in the second quarter valued at $47,000. Institutional investors own 97.71% of the company’s stock.

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.