VICI Properties (NYSE:VICI) Stock Rating Lowered by Zacks Investment Research

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VICI Properties (NYSE:VICI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “VICI Properties Inc. is a real estate investment trust. The Company is primarily engaged in the business of owning, acquiring and developing gaming, hospitality and entertainment destinations. Its operating segment consists of real property business and golf course business. Real property business segment consists of leased real property. Golf courses include the Cascata golf course in Boulder City, Nevada, the Rio Secco golf course in Henderson, Nevada, the Grand Bear golf course in Biloxi, Mississippi, and the Chariot Run golf course in Elizabeth, Indiana. “

VICI has been the topic of a number of other reports. Citigroup upped their price target on VICI Properties from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Deutsche Bank set a $28.00 price objective on VICI Properties and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upgraded VICI Properties from an “equal” rating to a “weight” rating and increased their price objective for the company from $25.00 to $26.00 in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. VICI Properties currently has an average rating of “Buy” and an average target price of $25.68.

NYSE VICI traded down $0.16 during trading hours on Thursday, reaching $24.54. The company’s stock had a trading volume of 47,641 shares, compared to its average volume of 3,962,413. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.86 and a beta of 0.84. VICI Properties has a 1-year low of $17.64 and a 1-year high of $24.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 83.01 and a quick ratio of 83.01. The company’s 50-day moving average is $23.67 and its two-hundred day moving average is $22.46.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). VICI Properties had a return on equity of 7.84% and a net margin of 66.78%. The business had revenue of $222.51 million during the quarter, compared to analyst estimates of $224.50 million. During the same period in the previous year, the company posted $0.36 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts forecast that VICI Properties will post 1.48 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of VICI. First Trust Advisors LP raised its stake in VICI Properties by 216.9% in the first quarter. First Trust Advisors LP now owns 217,789 shares of the company’s stock valued at $4,765,000 after buying an additional 149,067 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of VICI Properties by 2.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 757,719 shares of the company’s stock worth $16,579,000 after purchasing an additional 17,428 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of VICI Properties by 51.3% during the second quarter. WINTON GROUP Ltd now owns 58,371 shares of the company’s stock worth $1,286,000 after purchasing an additional 19,794 shares during the last quarter. Presima Inc. purchased a new position in shares of VICI Properties during the second quarter worth about $13,480,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of VICI Properties by 46.9% during the second quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the company’s stock worth $4,695,000 after purchasing an additional 68,000 shares during the last quarter.

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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