VICI Properties (NYSE:VICI) Rating Lowered to "Hold" at Wedbush

Wedbush lowered shares of VICI Properties (NYSE:VICI - Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

VICI has been the topic of a number of other research reports. Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, Mizuho lowered their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.25.

VICI Properties Stock Down 2.1 %

Shares of VICI Properties stock traded down $0.60 during trading hours on Wednesday, reaching $28.23. 7,471,669 shares of the company were exchanged, compared to its average volume of 8,571,415. 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 firm has a market cap of $29.76 billion, a PE ratio of 10.46, a PEG ratio of 4.12 and a beta of 0.94. The stock's fifty day moving average is $30.79 and its 200 day moving average is $31.36. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's dividend payout ratio is currently 64.07%.

Hedge Funds Weigh In On VICI Properties

Several hedge funds have recently modified their holdings of the company. Quarry LP boosted its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after buying an additional 999 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after acquiring an additional 374 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock worth $63,000 after acquiring an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after purchasing an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of VICI Properties during the third quarter valued at $67,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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.