VICI Properties Inc. (NYSE:VICI) Receives $33.56 Average Target Price from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $33.56.

A number of brokerages have weighed in on VICI. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th.

VICI Properties Trading Up 0.6 %

VICI opened at $33.31 on Thursday. VICI Properties has a twelve month low of $26.63 and a twelve month high of $34.29. The company has a fifty day moving average of $32.45 and a 200-day moving average of $30.09. The stock has a market cap of $34.88 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s dividend payout ratio is 68.38%.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in shares of VICI Properties by 671.3% in the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after purchasing an additional 627,979 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after acquiring an additional 246,983 shares in the last quarter. Bayesian Capital Management LP boosted its holdings in VICI Properties by 36.5% during the 4th quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock worth $5,900,000 after acquiring an additional 49,500 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of VICI Properties by 12.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 417,719 shares of the company’s stock worth $13,317,000 after acquiring an additional 46,062 shares in the last quarter. Finally, Norden Group LLC bought a new stake in shares of VICI Properties in the 1st quarter worth $1,033,000. Institutional investors own 97.71% of the company’s stock.

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.