VICI Properties (NYSE:VICI) Downgraded to Hold Rating by Wedbush

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

VICI has been the subject of several other reports. Evercore ISI upped their price objective 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. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho cut their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company restated 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Stock Performance

Shares of VICI stock opened at $28.81 on Wednesday. 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 has a 52 week low of $27.08 and a 52 week high of $34.29. The firm has a 50 day moving average of $30.85 and a 200-day moving average of $31.38. The company 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of 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 during the last quarter. Geode Capital Management LLC lifted its holdings in VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after acquiring an additional 608,696 shares during the period. Dimensional Fund Advisors LP boosted its position in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Legal & General Group Plc grew its stake in VICI Properties by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after purchasing an additional 251,313 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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.