VICI Properties Inc. (NYSE:VICI) Receives $34.43 Consensus Price Target from Brokerages

VICI Properties Inc. (NYSE:VICI) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $34.43.

VICI has been the subject of several research analyst reports. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wedbush upgraded VICI Properties from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $34.00 to $33.00 in a research report on Thursday, January 2nd. Mizuho dropped their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, 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 note on Tuesday, October 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of VICI Properties by 599.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after purchasing an additional 1,739,147 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after buying an additional 1,185,463 shares during the last quarter. Finally, State Street Corp raised its stake in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.3 %

Shares of NYSE:VICI opened at $29.56 on Friday. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The stock has a market capitalization of $31.16 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 4.12 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 company’s 50-day moving average price is $30.98 and its two-hundred day moving average price is $31.39.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 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.