VICI Properties (NYSE:VICI) Price Target Raised to $34.25 at Stifel Nicolaus

VICI Properties (NYSE:VICI) had its target price lifted by equities research analysts at Stifel Nicolaus from $34.00 to $34.25 in a report released on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 7.08% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.23.

VICI Properties Trading Up 0.3 %

Shares of VICI opened at $31.99 on Thursday. The stock’s fifty day simple moving average is $31.13 and its 200-day simple moving average is $31.38. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.80 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, research analysts predict that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transce3nd LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $28,000. CoreCap Advisors LLC grew its holdings in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties in the 4th quarter valued at approximately $33,000. Finally, Quarry LP boosted its position in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares during the last quarter. 97.71% of the stock is currently 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.