VICI Properties Inc. (NYSE:VICI) Receives $33.50 Average Price Target from Analysts

VICI Properties Inc. (NYSE:VICIGet Free Report) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $33.50.

Several brokerages have issued reports on VICI. Scotiabank boosted their price target on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Mizuho raised their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research note on Friday. Finally, Wells Fargo & Company cut 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.

View Our Latest Research Report on VICI Properties

VICI Properties Stock Performance

VICI opened at $28.43 on Tuesday. The stock has a market cap of $29.65 billion, a PE ratio of 11.24, a P/E/G ratio of 2.26 and a beta of 0.91. VICI Properties has a 1 year low of $26.63 and a 1 year high of $33.40. The stock’s 50 day simple moving average is $28.68 and its 200-day simple moving average is $29.64. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th will be given a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.84%. VICI Properties’s payout ratio is 65.61%.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. HBC Financial Services PLLC acquired a new position in shares of VICI Properties during the fourth quarter worth approximately $31,000. Tucker Asset Management LLC boosted its position in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after buying an additional 1,020 shares during the last quarter. Blue Trust Inc. boosted its position in VICI Properties by 455.3% in 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. Quarry LP increased its stake in shares of VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after buying an additional 741 shares during the period. Finally, Planned Solutions Inc. bought a new stake in shares of VICI Properties during the fourth quarter worth $45,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

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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.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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