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

Shares of VICI Properties Inc. (NYSE:VICI) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.5385.

Several brokerages recently weighed in on VICI. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Morgan Stanley cut their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Wells Fargo & Company reduced their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Finally, Scotiabank reduced their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th.

Institutional Trading of VICI Properties

Institutional investors have recently added to or reduced their stakes in the stock. Bayban acquired a new position in shares of VICI Properties in the 4th quarter worth approximately $25,000. Dynamic Wealth Strategies LLC bought a new stake in shares of VICI Properties in the 1st quarter valued at $25,000. State of Wyoming acquired a new stake in shares of VICI Properties during the second quarter worth $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties during the fourth quarter worth $28,000. Finally, Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the second quarter worth $28,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

VICI stock opened at $26.55 on Friday. The company has a fifty day moving average price of $26.94 and a 200-day moving average price of $28.00. The company has a market capitalization of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65. VICI Properties has a 52-week low of $25.82 and a 52-week high of $33.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties Dividend Announcement

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

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.