VICI Properties (NYSE:VICI) Rating Lowered to Hold at Wedbush

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

Several other research analysts also recently weighed in on VICI. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, 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 report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Price Performance

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

Institutional Investors Weigh In On VICI Properties

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 valued at $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. Los Angeles Capital Management LLC increased its position 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 purchasing an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in VICI Properties by 101.4% in the second 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 in the last quarter. Hsbc Holdings PLC lifted its position in VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after purchasing an additional 1,185,463 shares during the last quarter. Finally, State Street Corp grew its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. 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.