VICI Properties (NYSE:VICI) Cut to “Hold” at Wedbush

Wedbush downgraded shares of VICI Properties (NYSE:VICI) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Wednesday, December 11th. Mizuho lowered their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday. 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. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.25.

VICI Properties Trading Down 2.1 %

Shares of NYSE VICI opened at $28.23 on Wednesday. The business has a fifty day simple moving average of $30.79 and a 200-day simple moving average of $31.36. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 4.12 and a beta of 0.94. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Carmel Capital Partners LLC boosted its position in VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares during the period. Continuum Advisory LLC grew its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the last quarter. MAS Advisors LLC raised its holdings in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after acquiring an additional 398 shares during the period. Insight Folios Inc lifted its position in VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after acquiring an additional 433 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after acquiring an additional 442 shares during the period. Institutional investors own 97.71% of the company’s stock.

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.