Brokerages Set VICI Properties Inc. (NYSE:VICI) Price Target at $34.33

VICI Properties Inc. (NYSE:VICI) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.22.

VICI has been the topic of several recent analyst reports. Mizuho dropped their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Truist Financial dropped their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

VICI Properties Stock Up 0.2 %

VICI stock opened at $29.86 on Wednesday. The company’s 50 day moving average price is $29.98 and its 200 day moving average price is $31.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market capitalization of $31.47 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 3.80 and a beta of 0.95.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.79%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Quarry LP boosted its position in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth $33,000. Continuum Advisory LLC boosted its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

About VICI Properties

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.