VICI Properties (NYSE:VICI) Stock Price Target Cut by Citizens Jmp

Key Points

• Citizens JMP cut its VICI Properties price target from $35 to $31 while maintaining a “market outperform” rating, implying 36.42% upside from the prior close.
• Analyst sentiment is mixed: seven analysts rate VICI a Buy and eight rate it a Hold, producing an overall “Hold” consensus and an average price target of $30.
• VICI reported quarterly revenue of $1.06 billion, up 5.7% year over year and above estimates, but EPS of $0.62 missed the $0.71 consensus. Institutional investors own 97.71% of the company.

VICI Properties (NYSE:VICI - Get Free Report) had its target price reduced by stock analysts at Citizens Jmp from $35.00 to $31.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "market outperform" rating on the stock. Citizens Jmp's price objective points to a potential upside of 36.42% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Evercore set a $30.00 target price on shares of VICI Properties in a report on Monday, September 21st. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Friday. Mizuho reduced their price target on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Barclays decreased their price objective on shares of VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered VICI Properties from an "overweight" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Thursday, September 24th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $30.00.

VICI Properties Price Performance

VICI stock opened at $22.72 on Friday. The business has a 50 day moving average price of $25.45 and a 200 day moving average price of $26.88. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 8.81 and a beta of 0.65. VICI Properties has a fifty-two week low of $22.54 and a fifty-two week high of $33.01. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

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

Institutional Trading of VICI Properties

Several large investors have recently bought and sold shares of VICI. Bayban purchased a new stake in shares of VICI Properties in the fourth quarter valued at about $25,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of VICI Properties during the first quarter worth $25,000. Evolution Wealth Management Inc. acquired a new stake in VICI Properties in the 4th quarter worth about $28,000. Reflection Asset Management acquired a new stake in shares of VICI Properties in the fourth quarter worth approximately $29,000. Finally, Sachetta LLC raised its stake in VICI Properties by 213.1% during the first quarter. Sachetta LLC now owns 1,171 shares of the company's stock worth $32,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

About VICI Properties

VICI Properties Inc NYSE: VICI is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI's portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.

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