Analysts Set VICI Properties Inc. (NYSE:VICI) Price Target at $34.33

Shares of VICI Properties Inc. (NYSE:VICI) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $34.33.

Several analysts have issued reports on VICI shares. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Barclays assumed coverage on shares of VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price objective for the company.

Institutional Trading of VICI Properties

Several hedge funds and other institutional investors have recently bought and sold shares of VICI. The Manufacturers Life Insurance Company grew its position in shares of VICI Properties by 24.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 931,814 shares of the company’s stock worth $26,687,000 after buying an additional 186,039 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of VICI Properties by 3.5% during the second quarter. Mackenzie Financial Corp now owns 134,167 shares of the company’s stock worth $3,843,000 after purchasing an additional 4,539 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VICI Properties by 107.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,588 shares of the company’s stock valued at $332,000 after purchasing an additional 5,990 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of VICI Properties by 7,362.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 12,163 shares of the company’s stock worth $348,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Quarry LP grew its stake in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock opened at $29.75 on Wednesday. The stock has a market cap of $31.36 billion, a PE ratio of 11.02, a P/E/G ratio of 3.78 and a beta of 0.94. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a 50-day moving average price of $30.08 and a 200 day moving average price of $31.49. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

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.