Mizuho Issues Pessimistic Forecast for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI - Free Report) had its price target decreased by Mizuho from $34.00 to $33.00 in a research report report published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

VICI has been the subject of several other reports. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, JMP Securities boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.22.

VICI Properties Stock Up 0.3 %

VICI Properties stock traded up $0.08 during trading hours on Thursday, hitting $31.39. 2,079,680 shares of the stock traded hands, compared to its average volume of 5,669,963. The firm's 50-day moving average price is $32.67 and its two-hundred day moving average price is $30.86. 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 company has a market cap of $33.09 billion, a PE ratio of 11.59, a PEG ratio of 4.14 and a beta of 0.94. VICI Properties has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's payout ratio is 64.07%.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds have recently modified their holdings of VICI. Quarry LP grew its holdings in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company's stock valued at $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. grew its stake in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after acquiring an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. grew its stake in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after acquiring an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the 2nd quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new position in VICI Properties in the 2nd quarter worth about $47,000. Institutional investors own 97.71% of the company's stock.

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.