VICI Properties (NYSE:VICI) Price Target Lowered to $33.00 at Mizuho

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

A number of other research firms also recently weighed in on VICI. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities lifted their price target on 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, Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.38 during trading on Thursday, reaching $31.68. The company had a trading volume of 2,980,479 shares, compared to its average volume of 5,670,879. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. 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 $33.40 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 4.15 and a beta of 0.94. The stock’s fifty day moving average price is $32.62 and its 200 day moving average price is $30.86.

VICI Properties Increases Dividend

The business also recently disclosed 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. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is currently 64.07%.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its position in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares in the last quarter. UMB Bank n.a. lifted its position in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its position in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties in the second quarter valued at $43,000. Finally, Rothschild Investment LLC purchased a new stake in shares of VICI Properties in the second quarter valued at $47,000. 97.71% of the stock is currently 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.