VICI Properties (NYSE:VICI) Upgraded at Wedbush

Wedbush upgraded shares of VICI Properties (NYSE:VICI) from a neutral rating to an outperform rating in a research report released on Thursday, MarketBeat reports. Wedbush currently has $33.00 target price on the stock, down from their prior target price of $34.00.

VICI has been the topic of a number of other reports. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Wednesday, December 11th. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.43.

VICI Properties Trading Up 1.6 %

Shares of VICI opened at $29.46 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29. The stock has a market cap of $31.06 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. The firm has a 50 day simple moving average of $31.04 and a 200-day simple moving average of $31.36.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Hedge Funds Weigh In On VICI Properties

Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its stake in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after acquiring an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of VICI Properties in the 2nd quarter valued at approximately $557,000. Finally, Los Angeles Capital Management LLC lifted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.