VICI Properties Inc. (NYSE:VICI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.8462.

Several brokerages have commented on VICI. Stifel Nicolaus cut their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Mizuho lowered their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Evercore reiterated an “in-line” rating and set a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st.

VICI Properties Price Performance

Shares of VICI opened at $29.32 on Friday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties has a twelve month low of $27.48 and a twelve month high of $34.03. The stock has a market capitalization of $31.33 billion, a P/E ratio of 11.19, a P/E/G ratio of 2.91 and a beta of 0.70. The company has a 50 day moving average of $28.29 and a 200-day moving average of $30.41.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio is 68.70%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in VICI Properties by 2.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock valued at $113,051,000 after buying an additional 81,300 shares during the period. D.A. Davidson & CO. grew its position in shares of VICI Properties by 85.3% during the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after buying an additional 9,451 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of VICI Properties by 5.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after acquiring an additional 122,796 shares in the last quarter. Swedbank AB lifted its position in shares of VICI Properties by 4.0% during the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock valued at $158,965,000 after acquiring an additional 188,690 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in VICI Properties during the second quarter worth $4,972,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.