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

Key Points

• Mizuho lowered its price target for VICI Properties to $27 from $30 while maintaining a neutral rating, implying approximately 6.1% upside from the $25.44 share price.
• Analyst sentiment remains mixed but leans toward “Hold”: six analysts rate VICI a Buy and seven rate it a Hold, with a consensus price target of $31.
• VICI’s latest quarterly revenue rose 5.7% year over year to $1.06 billion, but earnings per share of $0.62 missed estimates of $0.71; institutional investors own 97.71% of the stock.

VICI Properties (NYSE:VICI - Get Free Report) had its price target reduced by stock analysts at Mizuho from $30.00 to $27.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Mizuho's target price suggests a potential upside of 6.13% from the stock's current price.

A number of other equities research analysts also recently weighed in on the company. Barclays lowered their target price on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research note on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a report on Wednesday, June 24th. Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday, June 25th. They issued a "sector perform" rating and a $29.00 price objective for the company. Finally, Scotiabank dropped their price target on shares of VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $31.00.

VICI Properties Price Performance

Shares of VICI opened at $25.44 on Wednesday. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 9.84 and a beta of 0.65. VICI Properties has a 1 year low of $25.46 and a 1 year high of $33.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The business has a 50-day moving average of $26.46 and a 200-day moving average of $27.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts anticipate that VICI Properties will post 2.46 earnings per share for the current year.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in VICI Properties by 204.4% in the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company's stock worth $1,226,000 after buying an additional 25,234 shares in the last quarter. Woodline Partners LP lifted its stake in VICI Properties by 41.3% during the first quarter. Woodline Partners LP now owns 89,062 shares of the company's stock worth $2,905,000 after purchasing an additional 26,017 shares during the last quarter. Jump Financial LLC increased its position in shares of VICI Properties by 45.0% during the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company's stock valued at $867,000 after purchasing an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina grew its position in VICI Properties by 96.0% during the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company's stock valued at $31,843,000 after acquiring an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of VICI Properties by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company's stock worth $6,860,000 after acquiring an additional 2,775 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

About VICI Properties

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.

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