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

VICI Properties (NYSE:VICI) had its target price decreased by equities research analysts at Mizuho from $33.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 4.13% from the stock’s current price.

VICI has been the topic of several other research reports. Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush raised VICI Properties from a “neutral” rating to an “outperform” rating and decreased their target price for the stock 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 target on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Stock Performance

NYSE:VICI opened at $28.81 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a market cap of $30.37 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. The firm’s fifty day simple moving average is $30.85 and its 200 day simple moving average is $31.38.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of VICI Properties by 7.0% in 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 during the last quarter. Modus Advisors LLC bought a new position in shares of VICI Properties during the fourth quarter valued at $2,261,000. Handelsbanken Fonder AB boosted its position in shares of VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after buying an additional 47,953 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in VICI Properties in the 2nd quarter worth about $557,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Company Profile

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.