Shares of VICI Properties Inc (NYSE:VICI) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.25.
A number of analysts have recently commented on VICI shares. Morgan Stanley boosted their price target on VICI Properties from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, July 24th. Citigroup started coverage on VICI Properties in a report on Thursday, August 2nd. They issued a “neutral” rating and a $22.00 price target on the stock. Credit Suisse Group assumed coverage on VICI Properties in a report on Tuesday, August 14th. They issued an “outperform” rating and a $24.00 price target on the stock. Nomura assumed coverage on VICI Properties in a report on Wednesday, September 26th. They set a “buy” rating and a $29.00 target price on the stock. Finally, Bank of America upgraded VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, October 15th.
Shares of VICI Properties stock opened at $21.70 on Wednesday. VICI Properties has a one year low of $17.58 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.13 and a quick ratio of 65.13.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.26.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in VICI Properties during the second quarter worth about $120,000. First Hawaiian Bank acquired a new position in VICI Properties during the third quarter worth approximately $120,000. US Bancorp DE acquired a new position in VICI Properties during the third quarter worth approximately $142,000. United Services Automobile Association acquired a new position in VICI Properties during the second quarter worth approximately $204,000. Finally, CIBC Asset Management Inc acquired a new position in VICI Properties during the second quarter worth approximately $272,000.
VICI Properties Company Profile
VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.
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