Mizuho Lowers VICI Properties (NYSE:VICI) Price Target to $33.00

VICI Properties (NYSE:VICI) had its price target reduced by analysts at Mizuho from $34.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 5.43% from the stock’s previous close.

A number of other analysts have also commented on VICI. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, JMP Securities raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

VICI stock opened at $31.30 on Thursday. 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 firm has a 50 day moving average price of $32.67 and a 200-day moving average price of $30.86. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market capitalization of $33.00 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 4.14 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HGI Capital Management LLC purchased a new stake in VICI Properties during the 3rd quarter valued at $3,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after acquiring an additional 7,658,819 shares during the period. Public Sector Pension Investment Board raised its stake in shares of VICI Properties by 25.7% in the third quarter. Public Sector Pension Investment Board now owns 182,110 shares of the company’s stock valued at $6,066,000 after acquiring an additional 37,205 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of VICI Properties by 68.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 877,427 shares of the company’s stock worth $29,227,000 after acquiring an additional 357,444 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of VICI Properties by 59.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 75,575 shares of the company’s stock worth $2,517,000 after purchasing an additional 28,058 shares during the period. 97.71% of the stock is currently owned by institutional investors.

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.