Mizuho Raises VICI Properties (NYSE:VICI) Price Target to $34.00

VICI Properties (NYSE:VICI) had its target price upped by equities researchers at Mizuho from $30.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 11.22% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Truist Financial lowered their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday, March 27th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.63.

VICI Properties Price Performance

NYSE VICI opened at $30.57 on Thursday. The company has a market cap of $32.30 billion, a PE ratio of 11.94, a P/E/G ratio of 3.88 and a beta of 0.70. The firm’s 50 day moving average price is $31.36 and its 200-day moving average price is $31.31. 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 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Sell-side analysts forecast that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Transce3nd LLC acquired a new stake in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC increased its holdings in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. Quarry LP lifted its holdings in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in VICI Properties in the fourth quarter worth approximately $33,000. 97.71% of the stock is 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.