Morgan Stanley Reaffirms Equal Weight Rating for VICI Properties (NYSE:VICI)

Morgan Stanley reiterated their equal weight rating on shares of VICI Properties (NYSE:VICI) in a research report sent to investors on Friday morning, Benzinga reports. Morgan Stanley currently has a $33.00 price objective on the stock.

Several other equities research analysts also recently commented on the company. Wells Fargo & Company dropped their target price on VICI Properties from $34.00 to $32.00 and set an overweight rating on the stock in a report on Wednesday, March 6th. Scotiabank increased their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a sector outperform rating in a research note on Thursday, May 16th. Finally, Mizuho increased their price objective on shares of VICI Properties from $31.00 to $32.00 and gave the company a buy rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $33.50.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $28.43 on Friday. The company has a market cap of $29.65 billion, a P/E ratio of 11.24, a PEG ratio of 2.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties has a one year low of $26.63 and a one year high of $33.40. The business’s 50-day simple moving average is $28.68 and its 200 day simple moving average is $29.64.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th will be given a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.84%. VICI Properties’s payout ratio is currently 65.61%.

Institutional Trading of VICI Properties

A number of large investors have recently modified their holdings of VICI. HBC Financial Services PLLC acquired a new position in VICI Properties during the 4th quarter valued at about $31,000. Tucker Asset Management LLC boosted its position in shares of VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Blue Trust Inc. boosted its position in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares in the last quarter. Quarry LP boosted its position in shares of VICI Properties by 143.1% during the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of VICI Properties during the 4th quarter valued at about $45,000. 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.