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

VICI Properties (NYSE:VICI) had its target price cut by Mizuho from $34.00 to $33.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

NYSE:VICI opened at $31.67 on Thursday. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a market cap of $33.39 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.20 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. The stock’s 50-day simple moving average is $32.58 and its 200 day simple moving average is $30.91.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. VICI Properties’s dividend payout ratio is presently 64.07%.

Institutional Trading of VICI Properties

Hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its position in shares of VICI Properties by 115.9% during the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock worth $934,000 after purchasing an additional 16,824 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in VICI Properties by 14.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after acquiring an additional 59,613 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after acquiring an additional 47,953 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of VICI Properties during the 2nd quarter worth $557,000. Finally, Los Angeles Capital Management LLC increased its position in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

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.