VICI Properties (NYSE:VICI) Price Target Cut to $33.00 by Analysts at Mizuho

VICI Properties (NYSE:VICI) had its price target reduced by analysts at Mizuho from $34.00 to $33.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 4.23% from the stock’s current price.

VICI has been the topic of a number of other reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities raised their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Trading Up 1.2 %

Shares of NYSE VICI opened at $31.66 on Thursday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market cap of $33.38 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 4.15 and a beta of 0.94. The business’s 50 day moving average price is $32.58 and its 200-day moving average price is $30.88.

Hedge Funds Weigh In On VICI Properties

A number of large investors have recently made changes to their positions in the business. Prestige Wealth Management Group LLC boosted its position in shares of VICI Properties by 40,160.6% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 13,286 shares of the company’s stock worth $448,000 after purchasing an additional 13,253 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in VICI Properties in the third quarter valued at about $426,000. Continuum Advisory LLC boosted its holdings in VICI Properties by 30.5% in 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 in the last quarter. Groupama Asset Managment grew its stake in shares of VICI Properties by 2.5% during the third quarter. Groupama Asset Managment now owns 102,211 shares of the company’s stock worth $3,405,000 after acquiring an additional 2,507 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of VICI Properties by 2.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,644,563 shares of the company’s stock valued at $54,780,000 after acquiring an additional 38,720 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

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.