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

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

A number of other equities research analysts also recently weighed in on VICI. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Evercore ISI raised their price objective 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 reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. 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 research note on Tuesday, October 1st. Finally, Wedbush raised VICI Properties from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $34.00 to $33.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.81 on Wednesday. The stock’s 50-day simple moving average is $30.85 and its two-hundred day simple moving average is $31.38. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a market capitalization of $30.37 billion, a P/E ratio of 10.67, a P/E/G ratio of 4.12 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

Hedge Funds Weigh In On VICI Properties

A number of large investors have recently bought and sold shares of VICI. Pensionfund Sabic boosted its stake in shares of VICI Properties by 9.2% during the fourth 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 period. Modus Advisors LLC purchased a new stake in VICI Properties during the 4th quarter valued at $2,261,000. GAMMA Investing LLC grew its holdings in VICI Properties by 18.4% in the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after acquiring an additional 2,172 shares during the last quarter. Synovus Financial Corp increased its position in shares of VICI Properties by 53.6% in the third quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after acquiring an additional 7,742 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of VICI Properties by 11.9% during the third quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock valued at $1,755,000 after acquiring an additional 5,620 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other 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.