VICI Properties (NYSE:VICI) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of VICI Properties (NYSE:VICI) in a report released on Friday, MarketBeat.com reports. The brokerage issued an overweight rating and a $36.00 price target on the stock.

A number of other research firms have also recently weighed in on VICI. Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Mizuho reduced their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday. 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, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $28.23 on Friday. The stock has a 50 day moving average price of $30.79 and a 200-day moving average price of $31.36. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The stock has a market cap of $29.76 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth 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 Announces Dividend

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

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its holdings in shares of VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after acquiring an additional 770,195 shares in the last quarter. Modus Advisors LLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $2,261,000. Handelsbanken Fonder AB boosted its position in VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after purchasing an additional 47,953 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $557,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.