VICI Properties (NYSE:VICI) Price Target Lowered to $30.00 at Mizuho

VICI Properties (NYSE:VICI) had its target price lowered by Mizuho from $35.00 to $30.00 in a research report released on Wednesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Scotiabank lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Barclays lowered their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.36.

VICI Properties Price Performance

Shares of VICI stock opened at $28.37 on Wednesday. The firm has a fifty day moving average of $29.68 and a two-hundred day moving average of $31.69. The firm has a market cap of $30.33 billion, a P/E ratio of 10.83, a P/E/G ratio of 2.82 and a beta of 0.70. VICI Properties has a 1-year low of $27.63 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, research analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 17th will be given a $0.45 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of VICI Properties during the second quarter valued at approximately $26,000. Parvin Asset Management LLC acquired a new stake in VICI Properties in the 2nd quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its stake in VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares in the last quarter. Headlands Technologies LLC bought a new stake in VICI Properties during the 2nd quarter valued at $28,000. Finally, Godsey & Gibb Inc. acquired a new position in VICI Properties during the 3rd quarter worth $29,000. 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.