VICI Properties (NYSE:VICI) Given New $33.00 Price Target at Mizuho

VICI Properties (NYSE:VICI) had its price objective trimmed by Mizuho from $34.00 to $33.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. JMP Securities boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Evercore ISI increased 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. Finally, 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 report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $31.67 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29. The stock has a market capitalization of $33.39 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.20 and a beta of 0.94. The business has a 50-day moving average price of $32.58 and a two-hundred day moving average price of $30.91.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.46%. VICI Properties’s payout ratio is currently 64.07%.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently modified their holdings of the business. Quarry LP lifted its stake in 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 buying an additional 999 shares in the last quarter. UMB Bank n.a. raised its stake in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings 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 purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new position in shares of VICI Properties during the second 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.