Mizuho Has Lowered Expectations for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI) had its target price reduced by Mizuho from $33.00 to $30.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

VICI has been the subject of several other research reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wedbush raised shares of VICI Properties from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $34.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.25.

VICI Properties Trading Down 2.1 %

Shares of VICI stock opened at $28.23 on Wednesday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market capitalization of $29.76 billion, a P/E ratio of 10.46, a PEG ratio of 4.12 and a beta of 0.94. The stock’s fifty day moving average is $30.79 and its two-hundred day moving average is $31.36. 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 company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 6.13%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in shares of VICI Properties by 717.1% in the second quarter. Acadian Asset Management LLC now owns 32,121 shares of the company’s stock valued at $918,000 after acquiring an additional 28,190 shares in the last quarter. Quest Partners LLC purchased a new position in VICI Properties in the 2nd quarter valued at about $303,000. Ashton Thomas Private Wealth LLC boosted its stake in shares of VICI Properties by 1.7% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 30,165 shares of the company’s stock worth $864,000 after purchasing an additional 508 shares during the last quarter. Prudential PLC grew its holdings in shares of VICI Properties by 800.0% during the second quarter. Prudential PLC now owns 111,523 shares of the company’s stock worth $3,194,000 after buying an additional 99,131 shares in the last quarter. Finally, Choreo LLC raised its position in shares of VICI Properties by 108.7% in the second quarter. Choreo LLC now owns 21,740 shares of the company’s stock valued at $607,000 after buying an additional 11,321 shares during the last quarter. Institutional investors and hedge funds 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.