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

VICI Properties (NYSE:VICI - Get Free Report) had its price target cut by equities researchers at Mizuho from $33.00 to $30.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's target price suggests a potential upside of 4.13% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Wedbush upgraded shares of VICI Properties from a "neutral" rating to an "outperform" rating and reduced their price objective for the company from $34.00 to $33.00 in a report on Thursday, January 2nd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Evercore ISI raised 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

VICI Properties Trading Down 1.5 %

Shares of NYSE VICI traded down $0.44 during midday trading on Wednesday, reaching $28.81. The stock had a trading volume of 8,740,416 shares, compared to its average volume of 8,791,185. The company's 50 day moving average price is $30.85 and its 200 day moving average price is $31.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94.

Hedge Funds Weigh In On VICI Properties

A number of institutional investors have recently added to or reduced their stakes in the business. Pensionfund Sabic grew its holdings in shares of VICI Properties by 9.2% during the 4th quarter. Pensionfund Sabic now owns 154,000 shares of the company's stock valued at $4,498,000 after purchasing an additional 13,000 shares during the last quarter. Modus Advisors LLC purchased a new stake in VICI Properties in the fourth quarter worth about $2,261,000. GAMMA Investing LLC lifted its stake in shares of VICI Properties by 18.4% in the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock valued at $408,000 after purchasing an additional 2,172 shares during the period. Synovus Financial Corp raised its holdings in VICI Properties by 53.6% in the third quarter. Synovus Financial Corp now owns 22,198 shares of the company's stock worth $739,000 after purchasing an additional 7,742 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of VICI Properties by 11.9% during the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock valued at $1,755,000 after buying an additional 5,620 shares in the last quarter. 97.71% of the stock is currently owned by 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.