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

VICI Properties (NYSE:VICI) had its target price dropped by stock analysts at Mizuho from $33.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 4.17% from the stock’s previous close.

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

VICI Properties Stock Down 1.5 %

Shares of NYSE:VICI traded down $0.45 during trading on Wednesday, reaching $28.80. 1,720,286 shares of the stock were exchanged, compared to its average volume of 7,286,313. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29. The stock has a fifty day moving average of $30.92 and a two-hundred day moving average of $31.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market cap of $30.36 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

Several large investors have recently modified their holdings of VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after buying an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after acquiring an additional 1,744,939 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of VICI Properties by 101.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after purchasing an additional 1,739,147 shares during the period. Hsbc Holdings PLC lifted its holdings in VICI Properties by 35.5% during the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock worth $129,321,000 after purchasing an additional 1,185,463 shares in the last quarter. Finally, State Street Corp grew its holdings in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. Hedge funds and other 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.