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

VICI Properties (NYSE:VICI) had its target price upped by equities researchers at Mizuho from $30.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 11.22% from the company’s current price.

Other analysts have also recently issued research reports about the stock. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Stifel Nicolaus upped their price objective on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Stock Performance

NYSE:VICI opened at $30.57 on Thursday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a 50 day moving average price of $31.36 and a 200 day moving average price of $31.31. The stock has a market capitalization of $32.30 billion, a P/E ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. Equities research analysts forecast that VICI Properties will post 2.31 EPS for the current year.

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. grew its stake in VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares during the last quarter. Carret Asset Management LLC boosted its holdings 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 valued at $2,034,000 after acquiring an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC grew its position 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 worth $1,206,000 after acquiring an additional 372 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. Finally, Benjamin Edwards Inc. raised its position in VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock valued at $369,000 after purchasing an additional 378 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.