Wedbush Downgrades VICI Properties (NYSE:VICI) to Hold

VICI Properties (NYSE:VICI) was downgraded by research analysts at Wedbush from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

VICI has been the topic of several other research reports. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Trading Down 1.5 %

Shares of NYSE VICI opened at $28.81 on Wednesday. The stock has a market cap of $30.37 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a 50-day moving average of $30.85 and a 200 day moving average of $31.38.

Hedge Funds Weigh In On VICI Properties

Large investors have recently bought and sold shares of the business. Quarry LP increased its stake in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares during the period. Continuum Advisory LLC increased its position in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. UMB Bank n.a. increased its position in shares of VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after acquiring an additional 512 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in VICI Properties in the third quarter worth approximately $67,000. 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.