Brokerages Set VICI Properties Inc. (NYSE:VICI) PT at $34.00

VICI Properties Inc. (NYSE:VICI) 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.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Montag A & Associates Inc. increased its stake in shares of VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after acquiring an additional 389 shares during the last quarter. MAS Advisors LLC increased its stake in VICI Properties by 2.8% during the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after purchasing an additional 398 shares in the last quarter. Courier Capital LLC increased its stake in VICI Properties by 2.0% during the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock worth $627,000 after purchasing an additional 417 shares in the last quarter. Insight Folios Inc increased its stake in VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after purchasing an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in VICI Properties by 23.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after purchasing an additional 442 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

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.