VICI Properties (NYSE:VICI) Stock Price Expected to Rise, Robert W. Baird Analyst Says

VICI Properties (NYSE:VICI) had its target price raised by stock analysts at Robert W. Baird from $35.00 to $36.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 13.74% from the company’s previous close.

A number of other research firms have also recently commented on VICI. Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Truist Financial upped their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Finally, Barclays increased 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $35.07.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.65 on Thursday. The company has a market capitalization of $33.44 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties has a 1-year low of $27.53 and a 1-year high of $34.29. The firm’s 50 day simple moving average is $31.88 and its two-hundred day simple moving average is $31.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last released its 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 company had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. During the same quarter in the previous year, the company earned $0.56 EPS. VICI Properties’s revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts expect that VICI Properties will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On VICI Properties

A number of large investors have recently made changes to their positions in VICI. World Investment Advisors LLC purchased a new position in shares of VICI Properties during the third quarter valued at approximately $441,000. Wilmington Savings Fund Society FSB purchased a new position in VICI Properties during the 3rd quarter valued at $125,000. Tidal Investments LLC grew its position in VICI Properties by 11.9% in the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock valued at $1,755,000 after acquiring an additional 5,620 shares during the last quarter. Synovus Financial Corp grew its position in VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after acquiring an additional 7,742 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in VICI Properties by 18.4% in the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after purchasing an additional 2,172 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.