VICI Properties (NYSE:VICI) Rating Reiterated by Wells Fargo & Company

Wells Fargo & Company reissued their overweight rating on shares of VICI Properties (NYSE:VICI) in a report released on Tuesday, Benzinga reports. Wells Fargo & Company currently has a $36.00 price objective on the stock, up from their prior price objective of $33.00.

Other analysts have also issued research reports about the company. Morgan Stanley reaffirmed an equal weight rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an outperform rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $34.00.

VICI Properties Stock Performance

NYSE:VICI opened at $32.42 on Tuesday. The firm has a market capitalization of $33.94 billion, a PE ratio of 12.81, a PEG ratio of 5.15 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties has a 1 year low of $26.63 and a 1 year high of $34.29. The firm’s fifty day simple moving average is $32.59 and its 200 day simple moving average is $30.15.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 68.38%.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Duncan Williams Asset Management LLC bought a new position in VICI Properties during the 3rd quarter valued at about $504,000. Park Avenue Securities LLC grew its holdings in shares of VICI Properties by 12.1% during the third quarter. Park Avenue Securities LLC now owns 20,374 shares of the company’s stock worth $679,000 after purchasing an additional 2,195 shares during the last quarter. Czech National Bank increased its stake in shares of VICI Properties by 7.3% in the third quarter. Czech National Bank now owns 213,320 shares of the company’s stock valued at $7,106,000 after buying an additional 14,532 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of VICI Properties by 23.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after buying an additional 442 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of VICI Properties during the second quarter worth approximately $1,631,000. 97.71% of the stock is owned by institutional investors.

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.