VICI Properties (NYSE:VICI) Downgraded by Wedbush to “Hold”

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

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

VICI Properties Stock Performance

Shares of VICI opened at $28.81 on Wednesday. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market capitalization of $30.37 billion, a P/E ratio of 10.67, a P/E/G ratio of 4.12 and a beta of 0.94. 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’s fifty day moving average is $30.85 and its two-hundred day moving average is $31.38.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 6.00%. VICI Properties’s payout ratio is currently 64.07%.

Institutional Trading of VICI Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VICI. Carmel Capital Partners LLC lifted its holdings in shares of VICI Properties by 1.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after acquiring an additional 367 shares during the period. Continuum Advisory LLC raised its stake in 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 purchasing an additional 374 shares during the period. MAS Advisors LLC boosted its holdings in shares of VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after purchasing an additional 398 shares during the last quarter. Insight Folios Inc increased its holdings in shares of 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 buying an additional 433 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after buying an additional 442 shares during the period. Hedge funds and other 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.