VICI Properties Inc. (NYSE:VICI) Receives $31.54 Average Target Price from Analysts

VICI Properties Inc. (NYSE:VICI) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.5385.

A number of equities research analysts recently issued reports on VICI shares. Morgan Stanley lowered their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Scotiabank cut their target price 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. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada began coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock.

VICI Properties Stock Up 0.1%

VICI stock opened at $26.56 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of 10.30 and a beta of 0.65. VICI Properties has a fifty-two week low of $25.82 and a fifty-two week high of $34.01. The stock has a fifty day moving average of $27.02 and a 200-day moving average of $28.03.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio is currently 69.77%.

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in VICI. Vanguard Group Inc. grew its holdings in VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after buying an additional 1,705,855 shares in the last quarter. State Street Corp lifted its holdings in shares of VICI Properties by 1.7% in the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after buying an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after acquiring an additional 1,037,345 shares during the period. Allianz Asset Management GmbH boosted its position in shares of VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after acquiring an additional 2,305,719 shares during the period. Finally, Bank of America Corp DE grew its stake 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 valued at $763,553,000 after acquiring an additional 734,068 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.