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

VICI Properties (NYSE:VICI) had its price objective trimmed by Mizuho from $33.00 to $30.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

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

VICI Properties Trading Down 1.5 %

Shares of VICI stock opened at $28.81 on Wednesday. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 4.12 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $30.85 and a 200 day moving average price of $31.38. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 6.00%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Trading of VICI Properties

Institutional investors have recently added to or reduced their stakes in the business. Pensionfund Sabic raised its stake in shares of VICI Properties by 9.2% during the fourth quarter. Pensionfund Sabic now owns 154,000 shares of the company’s stock valued at $4,498,000 after purchasing an additional 13,000 shares during the period. Modus Advisors LLC acquired a new stake in VICI Properties during the 4th quarter valued at $2,261,000. GAMMA Investing LLC lifted its holdings in VICI Properties by 18.4% in the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after buying an additional 2,172 shares in the last quarter. Synovus Financial Corp boosted its position in VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after buying an additional 7,742 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of VICI Properties by 11.9% during the third quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock valued at $1,755,000 after acquiring an additional 5,620 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other 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.