VICI Properties Inc. (NYSE:VICI – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $34.00.
Several research analysts recently issued reports on the stock. Evercore ISI upped their price target on shares of 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 reissued an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st.
Read Our Latest Report on VICI
Institutional Trading of VICI Properties
VICI Properties Stock Down 2.2 %
Shares of NYSE VICI opened at $32.10 on Monday. The firm’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $30.52. The company has a market cap of $33.49 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 5.15 and a beta of 0.93. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties has a 12-month low of $26.63 and a 12-month high of $34.29.
VICI Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. VICI Properties’s dividend payout ratio is 68.38%.
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.
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