Stifel Nicolaus Increases VICI Properties (NYSE:VICI) Price Target to $34.75

VICI Properties (NYSE:VICI) had its target price boosted by equities researchers at Stifel Nicolaus from $34.25 to $34.75 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.79% from the stock’s current price.

VICI has been the subject of several other reports. Mizuho raised their price target on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Robert W. Baird lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.07.

VICI Properties Stock Up 0.4 %

Shares of NYSE:VICI opened at $31.65 on Thursday. The company has a market capitalization of $33.44 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties has a 12-month low of $27.53 and a 12-month high of $34.29. The business has a 50-day moving average price of $31.88 and a 200 day moving average price of $31.13. 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 (NYSE:VICI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. During the same period last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts expect that VICI Properties will post 2.31 EPS for the current year.

Hedge Funds Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICI. Atria Wealth Solutions Inc. boosted its holdings in shares of VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after buying an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in VICI Properties in the fourth quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp boosted its stake in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its position in shares of VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $359,000. 97.71% of the stock is 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.