VICI Properties Inc. (NYSE:VICI) Given Consensus Rating of “Hold” by Brokerages

Shares of VICI Properties Inc. (NYSE:VICI) have earned an average rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.5385.

VICI has been the subject of several research analyst reports. Robert W. Baird set a $32.00 price objective on VICI Properties in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Wells Fargo & Company reduced their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Finally, Scotiabank lowered their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th.

VICI Properties Trading Up 0.7%

NYSE VICI opened at $26.72 on Friday. The firm has a market cap of $29.42 billion, a P/E ratio of 10.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s 50-day moving average is $26.91 and its 200-day moving average is $27.99. VICI Properties has a one year low of $25.82 and a one year high of $33.92.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. VICI Properties’s dividend payout ratio is presently 69.77%.

Hedge Funds Weigh In On VICI Properties

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after purchasing an additional 734,068 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its position in shares of VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after purchasing an additional 1,406,897 shares during the period. Wilsey Asset Management Inc. raised its position in shares of VICI Properties by 6.4% in the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock valued at $30,092,000 after purchasing an additional 65,853 shares during the period. Gabelli Funds LLC lifted its stake in shares of VICI Properties by 19.4% during the 1st quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock worth $7,161,000 after buying an additional 42,662 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its stake in shares of VICI Properties by 26.1% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 725,000 shares of the company’s stock worth $20,424,000 after buying an additional 150,000 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

About VICI Properties

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.