VICI Properties Inc. (NYSE:VICI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

VICI Properties Inc. (NYSE:VICI) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $34.18.

A number of equities research analysts have recently commented on VICI shares. Scotiabank lifted their price objective on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Wells Fargo & Company decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Mizuho increased their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Morgan Stanley upped their target price on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently bought and sold shares of VICI. Bell Investment Advisors Inc raised its holdings in shares of VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares during the last quarter. HBC Financial Services PLLC bought a new stake in VICI Properties in the fourth quarter worth about $31,000. Tucker Asset Management LLC lifted its stake in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the last quarter. Blue Trust Inc. lifted its position in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after buying an additional 938 shares during the last quarter. Finally, Quarry LP boosted its position in VICI Properties by 143.1% during the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after purchasing an additional 741 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.60 on Friday. The company has a market cap of $29.83 billion, a PE ratio of 11.30, a P/E/G ratio of 2.47 and a beta of 0.90. The stock has a fifty day moving average price of $29.02 and a 200 day moving average price of $29.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties has a 1-year low of $26.63 and a 1-year high of $33.40.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s payout ratio is 65.61%.

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.