Evercore ISI Issues Pessimistic Forecast for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI) had its price target cut by analysts at Evercore ISI from $38.00 to $36.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective points to a potential upside of 19.78% from the company’s current price.

VICI has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Mizuho upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of VICI Properties in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.85.

VICI Properties Stock Up 1.8%

NYSE:VICI opened at $30.06 on Friday. The firm has a market capitalization of $32.05 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 2.99 and a beta of 0.72. VICI Properties has a 1-year low of $27.98 and a 1-year high of $34.03. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $32.13 and its 200 day moving average price is $32.33.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a return on equity of 10.26% and a net margin of 70.18%.VICI Properties’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, sell-side analysts forecast that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of VICI Properties

Large investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of VICI Properties during the 2nd quarter worth about $26,000. Parvin Asset Management LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth about $27,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth about $28,000. Hantz Financial Services Inc. boosted its stake in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. Institutional investors 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.