Shares of VICI Properties Inc. (NYSE:VICI – Get Rating) have received an average recommendation of "Buy" from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.70.
Several research analysts recently commented on VICI shares. LADENBURG THALM/SH SH increased their price objective on VICI Properties from $33.50 to $36.00 in a research note on Wednesday, July 27th. Evercore ISI reaffirmed an "outperform" rating and issued a $37.00 target price on shares of VICI Properties in a research note on Wednesday, July 20th. Raymond James raised their target price on VICI Properties from $36.00 to $38.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 8th. Truist Financial raised their target price on VICI Properties from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 20th. Finally, JMP Securities assumed coverage on VICI Properties in a research note on Wednesday, August 24th. They issued an "outperform" rating and a $38.00 target price for the company.
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Hedge Funds Weigh In On VICI Properties
A number of hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in VICI Properties by 2.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,651,200 shares of the company's stock valued at $274,673,000 after acquiring an additional 228,955 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in VICI Properties by 923.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,653 shares of the company's stock valued at $104,000 after acquiring an additional 3,296 shares during the period. 180 Wealth Advisors LLC boosted its holdings in VICI Properties by 50.1% during the 2nd quarter. 180 Wealth Advisors LLC now owns 11,959 shares of the company's stock valued at $367,000 after acquiring an additional 3,990 shares during the period. Smith Moore & CO. boosted its holdings in VICI Properties by 7.9% during the 1st quarter. Smith Moore & CO. now owns 8,850 shares of the company's stock valued at $252,000 after acquiring an additional 650 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in VICI Properties by 35.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 57,925 shares of the company's stock valued at $1,648,000 after acquiring an additional 15,241 shares during the period.
VICI Properties Stock Performance
NYSE VICI opened at $29.85 on Friday. The business has a fifty day moving average price of $33.38 and a 200 day moving average price of $30.96. VICI Properties has a one year low of $26.23 and a one year high of $35.69. The company has a market cap of $28.75 billion, a P/E ratio of 29.55, a P/E/G ratio of 2.78 and a beta of 0.96.
VICI Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, September 21st. This is a boost from VICI Properties's previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.23%. VICI Properties's dividend payout ratio is currently 154.46%.
VICI Properties Company Profile
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VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.
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