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

VICI Properties Inc. (NYSE:VICI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.58.

A number of brokerages have issued reports on VICI. Wells Fargo & Company reduced their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 6th. The Goldman Sachs Group began coverage on VICI Properties in a research report on Friday, December 8th. They set a "buy" rating and a $36.00 price target on the stock. Morgan Stanley raised their price target on VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday, March 18th. KeyCorp dropped their price target on VICI Properties from $36.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 13th. Finally, Mizuho dropped their price target on VICI Properties from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th.

VICI Properties Trading Down 0.3 %

VICI Properties stock traded down $0.09 during mid-day trading on Thursday, hitting $29.27. The stock had a trading volume of 4,908,145 shares, compared to its average volume of 6,213,939. 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 has a 12 month low of $26.63 and a 12 month high of $34.05. The stock has a market capitalization of $30.53 billion, a PE ratio of 11.80, a P/E/G ratio of 6.49 and a beta of 0.90. The stock has a 50-day simple moving average of $29.53 and a two-hundred day simple moving average of $29.72.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Wednesday, March 20th. VICI Properties's payout ratio is 66.94%.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VICI. Penserra Capital Management LLC grew its holdings in VICI Properties by 11.6% in the 4th quarter. Penserra Capital Management LLC now owns 3,300 shares of the company's stock valued at $105,000 after buying an additional 344 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in VICI Properties by 3.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 10,106 shares of the company's stock valued at $327,000 after buying an additional 346 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in VICI Properties by 0.8% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company's stock valued at $1,421,000 after buying an additional 355 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of VICI Properties by 3.2% during the 4th quarter. Eqis Capital Management Inc. now owns 12,319 shares of the company's stock valued at $399,000 after acquiring an additional 386 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of VICI Properties by 5.2% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company's stock valued at $229,000 after acquiring an additional 387 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

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.