VICI Properties (NYSE:VICI) Price Target Raised to $34.00

VICI Properties (NYSE:VICI) had its target price hoisted by stock analysts at Stifel Nicolaus from $33.75 to $34.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.50% from the company’s current price.

Several other equities analysts also recently issued reports on VICI. Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Barclays decreased their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Stock Up 0.9 %

Shares of NYSE VICI opened at $31.05 on Friday. The stock has a fifty day moving average price of $29.59 and a 200 day moving average price of $31.43. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a market cap of $32.73 billion, a P/E ratio of 11.49, a P/E/G ratio of 3.85 and a beta of 0.95.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.80% and a net margin of 73.90%. The company had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Research analysts anticipate that VICI Properties will post 2.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VICI. D.A. Davidson & CO. boosted its stake in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after purchasing an additional 340 shares in the last quarter. Carret Asset Management LLC raised its stake in shares of VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after acquiring an additional 354 shares during the last quarter. Carmel Capital Partners LLC lifted its position in shares of VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after purchasing an additional 372 shares during the last quarter. Finally, Continuum Advisory LLC raised its position in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

About VICI Properties

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.