Brokerages Set VICI Properties Inc. (NYSE:VICI) PT at $33.85

Shares of VICI Properties Inc. (NYSE:VICI) have been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $33.8462.

Several brokerages recently weighed in on VICI. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research report on Monday, January 5th. Evercore reiterated an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. The Goldman Sachs Group cut their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Stifel Nicolaus decreased their target price 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after acquiring an additional 1,705,855 shares in the last quarter. State Street Corp grew its position in VICI Properties by 4.8% in the 3rd quarter. State Street Corp now owns 62,538,927 shares of the company’s stock valued at $2,065,862,000 after acquiring an additional 2,844,265 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after purchasing an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of VICI Properties by 11.7% in the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after purchasing an additional 2,937,039 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI Properties stock opened at $29.25 on Friday. The firm has a 50 day simple moving average of $28.21 and a 200-day simple moving average of $30.46. The stock has a market cap of $31.26 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 2.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties has a 1-year low of $27.48 and a 1-year high of $34.03.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.2%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

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.