VICI Properties (NYSE:VICI) Now Covered by Analysts at Barclays

Barclays began coverage on shares of VICI Properties (NYSE:VICI) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $36.00 target price on the stock.

Several other brokerages have also recently commented on VICI. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.25.

VICI Properties Stock Performance

NYSE:VICI opened at $28.23 on Friday. The company has a fifty day moving average of $30.79 and a two-hundred day moving average of $31.36. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock has a market capitalization of $29.76 billion, a PE ratio of 10.46, a P/E/G ratio of 4.12 and a beta of 0.94. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VICI. Acadian Asset Management LLC lifted its holdings in shares of VICI Properties by 717.1% in the 2nd quarter. Acadian Asset Management LLC now owns 32,121 shares of the company’s stock worth $918,000 after acquiring an additional 28,190 shares during the last quarter. Quest Partners LLC acquired a new position in VICI Properties during the second quarter worth $303,000. Choreo LLC boosted its position in shares of VICI Properties by 108.7% during the second quarter. Choreo LLC now owns 21,740 shares of the company’s stock worth $607,000 after buying an additional 11,321 shares during the period. Royal London Asset Management Ltd. grew its stake in shares of VICI Properties by 5.9% in the second quarter. Royal London Asset Management Ltd. now owns 495,533 shares of the company’s stock valued at $14,192,000 after buying an additional 27,771 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of VICI Properties by 9.1% in the 2nd quarter. AGF Management Ltd. now owns 119,901 shares of the company’s stock valued at $3,434,000 after buying an additional 9,981 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Company Profile

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.