Mizuho Cuts VICI Properties (NYSE:VICI) Price Target to $30.00

VICI Properties (NYSE:VICIFree Report) had its price target decreased by Mizuho from $33.00 to $30.00 in a research report released on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on VICI. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Wedbush upgraded shares of VICI Properties from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $34.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Evercore ISI boosted their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.25.

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VICI Properties Stock Down 2.1 %

Shares of VICI Properties stock opened at $28.23 on Wednesday. The stock has a market capitalization of $29.76 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 4.12 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 company has a 50-day simple moving average of $30.79 and a two-hundred day simple moving average of $31.36. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares during the period. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after acquiring an additional 608,696 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of VICI Properties by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares during the period. Legal & General Group Plc increased its stake in shares of VICI Properties by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after purchasing an additional 251,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

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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.

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