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

Key Points

• Scotiabank lowered its VICI Properties price target from $29 to $26 while maintaining a “sector perform” rating, implying 9.62% potential upside from the $23.72 share price.
• Analyst sentiment remains cautious: VICI has a consensus “Hold” rating from 12 analysts, with an average price target of $29.92. Other firms, including Mizuho and Morgan Stanley, also recently reduced their targets.
• VICI reported quarterly EPS of $0.62, below the $0.71 consensus estimate, although revenue rose 5.7% year over year to $1.06 billion; institutional investors own 97.71% of the company.

VICI Properties (NYSE:VICI - Get Free Report) had its target price decreased by equities research analysts at Scotiabank from $29.00 to $26.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's target price points to a potential upside of 9.62% from the stock's current price.

Several other research analysts have also weighed in on the stock. Mizuho lowered their target price on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, September 2nd. Morgan Stanley dropped their price target on VICI Properties from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a report on Friday, July 31st. Weiss Ratings lowered VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, September 9th. Finally, Cantor Fitzgerald reduced their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of "Hold" and an average price target of $29.92.

VICI Properties Price Performance

Shares of VICI opened at $23.72 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $26.12 billion, a P/E ratio of 9.19 and a beta of 0.65. The business's 50-day moving average is $25.88 and its two-hundred day moving average is $27.12. VICI Properties has a fifty-two week low of $23.70 and a fifty-two week high of $33.01.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Research analysts predict that VICI Properties will post 2.47 earnings per share for the current year.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently modified their holdings of the company. Bayban bought a new position in shares of VICI Properties in the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC acquired a new stake in VICI Properties during the 1st quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties in the fourth quarter valued at $28,000. Reflection Asset Management acquired a new stake in shares of VICI Properties in the fourth quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in shares of VICI Properties during the fourth quarter valued at $33,000. Institutional investors own 97.71% of the company's stock.

About VICI Properties

VICI Properties, Inc NYSE: VICI is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI's portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.

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