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

Wedbush lowered shares of VICI Properties (NYSE:VICI) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

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

VICI Properties Price Performance

VICI opened at $28.81 on Wednesday. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a 50 day moving average of $30.85 and a two-hundred day moving average of $31.38. The company has a market cap 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 quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Announces Dividend

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

Institutional Trading of VICI Properties

Several institutional investors have recently added to or reduced their stakes in VICI. Quarry LP boosted its holdings in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. Continuum Advisory LLC lifted its position in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after buying an additional 512 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in VICI Properties during the third quarter worth about $67,000. 97.71% of the stock is owned by institutional investors and hedge funds.

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.