Mizuho Cuts VICI Properties (NYSE:VICI) Price Target to $27.00

VICI Properties (NYSE:VICI) had its target price trimmed by Mizuho from $30.00 to $27.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

VICI has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a research note on Friday, July 31st. Wells Fargo & Company cut their price target on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Royal Bank Of Canada began coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Finally, Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research note on Thursday, August 13th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Hold” and an average target price of $31.00.

VICI Properties Stock Down 1.0%

Shares of VICI Properties stock opened at $25.39 on Wednesday. The firm has a market cap of $27.96 billion, a PE ratio of 9.84 and a beta of 0.65. The business’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $27.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties has a 52-week low of $25.34 and a 52-week high of $33.82.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts predict that VICI Properties will post 2.46 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

Hedge Funds Weigh In On VICI Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Bayban bought a new position in shares of VICI Properties in the 4th quarter valued at about $25,000. Dynamic Wealth Strategies LLC acquired a new position in shares of VICI Properties during the 1st quarter worth about $25,000. State of Wyoming bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new stake in shares of VICI Properties in the 4th quarter valued at about $28,000. Finally, Headlands Technologies LLC acquired a new stake in VICI Properties in the 2nd quarter valued at about $28,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.