VICI Properties (NYSE:VICI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

VICI Properties (NYSE:VICI) had its price objective upped by stock analysts at Stifel Nicolaus from $34.75 to $35.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 5.74% from the stock’s previous close.

Several other brokerages have also commented on VICI. Citigroup restated a “market outperform” rating on shares of VICI Properties in a report on Tuesday, July 22nd. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.40.

VICI Properties Stock Performance

Shares of VICI opened at $33.10 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 2.53. VICI Properties has a one year low of $27.98 and a one year high of $34.29. The company has a 50-day simple moving average of $32.57 and a two-hundred day simple moving average of $31.73. The firm has a market capitalization of $34.98 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 4.22 and a beta of 0.68.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same period last year, the business posted $0.57 earnings per share. VICI Properties’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts anticipate that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Blackhawk Capital Partners LLC. increased its position in shares of VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock valued at $643,000 after acquiring an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $4,282,000. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of VICI Properties during the first quarter valued at approximately $2,170,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $2,773,000. Finally, Columbus Macro LLC boosted its holdings in VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company’s stock worth $4,044,000 after purchasing an additional 8,967 shares during the last quarter. Institutional investors 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.