VICI Properties (NYSE:VICI) Stock Rating Lowered by Scotiabank

VICI Properties (NYSE:VICI) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a note issued to investors on Friday, Marketbeat.com reports. They presently have a $30.00 target price on the stock. Scotiabank’s target price points to a potential upside of 6.88% from the company’s current price.

A number of other analysts also recently commented on VICI. Mizuho decreased their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Stifel Nicolaus cut their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group lowered their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Finally, Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a report on Monday, January 5th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.85.

VICI Properties Stock Down 0.1%

Shares of NYSE VICI opened at $28.07 on Friday. The stock has a market capitalization of $30.00 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70. VICI Properties has a 52 week low of $27.48 and a 52 week high of $34.03. The firm has a 50-day moving average price of $28.22 and a 200 day moving average price of $30.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. Equities research analysts anticipate that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VICI. State of Wyoming acquired a new position in VICI Properties during the second quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. grew 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 valued at $28,000 after buying an additional 724 shares during the period. Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth $28,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of VICI Properties in the 3rd quarter worth $29,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.