The Goldman Sachs Group Increases VICI Properties (NYSE:VICI) Price Target to $39.00

VICI Properties (NYSE:VICIGet Rating) had its price objective boosted by analysts at The Goldman Sachs Group from $35.00 to $39.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 33.61% from the stock’s previous close.

A number of other analysts also recently commented on VICI. Citigroup began coverage on shares of VICI Properties in a report on Monday, February 7th. They set a “buy” rating and a $32.00 price objective on the stock. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. JPMorgan Chase & Co. began coverage on shares of VICI Properties in a research report on Tuesday, May 3rd. They issued an “overweight” rating for the company. Finally, Berenberg Bank began coverage on shares of VICI Properties in a research report on Thursday, January 20th. They issued a “buy” rating and a $35.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $36.00.

VICI stock traded down $0.02 during midday trading on Thursday, hitting $29.19. The company’s stock had a trading volume of 147,236 shares, compared to its average volume of 16,457,989. The company has a quick ratio of 14.85, a current ratio of 14.85 and a debt-to-equity ratio of 0.34. VICI Properties has a 52-week low of $26.23 and a 52-week high of $33.35. The firm has a market capitalization of $28.11 billion, a P/E ratio of 18.12, a PEG ratio of 2.12 and a beta of 0.97. The firm has a 50-day simple moving average of $28.55 and a 200-day simple moving average of $28.45.

VICI Properties (NYSE:VICIGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). VICI Properties had a net margin of 63.44% and a return on equity of 10.42%. The firm had revenue of $416.20 million during the quarter, compared to analyst estimates of $410.84 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. VICI Properties’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that VICI Properties will post 1.94 earnings per share for the current fiscal year.

In related news, Director Michael D. Rumbolz acquired 2,000 shares of VICI Properties stock in a transaction on Tuesday, March 8th. The shares were purchased at an average cost of $26.88 per share, for a total transaction of $53,760.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Several large investors have recently modified their holdings of the business. First Trust Advisors LP increased its holdings in shares of VICI Properties by 216.9% in the 1st quarter. First Trust Advisors LP now owns 217,789 shares of the company’s stock worth $4,765,000 after acquiring an additional 149,067 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of VICI Properties by 2.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 757,719 shares of the company’s stock worth $16,579,000 after acquiring an additional 17,428 shares during the period. Alliancebernstein L.P. increased its holdings in shares of VICI Properties by 10.0% in the 3rd quarter. Alliancebernstein L.P. now owns 622,102 shares of the company’s stock worth $17,674,000 after acquiring an additional 56,463 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of VICI Properties by 389.5% in the 3rd quarter. Goldman Sachs Group Inc. now owns 8,922,317 shares of the company’s stock worth $253,483,000 after acquiring an additional 7,099,650 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of VICI Properties by 6.5% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 107,205 shares of the company’s stock worth $3,046,000 after acquiring an additional 6,533 shares during the period.

About VICI Properties (Get Rating)

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 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

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