VICI Properties (NYSE:VICI) Downgraded by JPMorgan Chase & Co. to "Neutral"

Key Points

• JPMorgan downgraded VICI Properties from “Overweight” to “Neutral” while maintaining a $30 price target, implying roughly 29% upside from the prior close.
• Analyst sentiment is broadly cautious: VICI has an average “Hold” rating and a $29.93 consensus price target, with several firms recently lowering their targets.
• VICI’s latest quarterly results were mixed: revenue rose 5.7% year over year to $1.06 billion and beat estimates, but EPS of $0.62 missed consensus of $0.71; shares opened near their 52-week low at $23.25.

VICI Properties (NYSE:VICI - Get Free Report) was downgraded by equities researchers at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Thursday, Marketbeat.com reports. They presently have a $30.00 price target on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 29.00% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Evercore set a $30.00 target price on shares of VICI Properties in a report on Monday. Cantor Fitzgerald decreased their target price on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Weiss Ratings cut VICI Properties from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, September 9th. Mizuho dropped their price target on VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada assumed coverage on VICI Properties in a report on Thursday, June 25th. They issued a "sector perform" rating and a $29.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Hold" and a consensus price target of $29.93.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $23.25 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 firm has a market cap of $25.61 billion, a price-to-earnings ratio of 9.01 and a beta of 0.65. The business has a 50-day simple moving average of $25.80 and a two-hundred day simple moving average of $27.08. VICI Properties has a fifty-two week low of $23.18 and a fifty-two week high of $33.01.

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 company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the business earned $0.60 EPS. The business's revenue 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. On average, analysts expect that VICI Properties will post 2.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VICI. BlackRock Inc. bought a new position in VICI Properties in the 2nd quarter worth $3,433,817,000. Bank of America Corp DE bought a new stake in VICI Properties during the second quarter valued at about $778,709,000. Norges Bank bought a new stake in VICI Properties during the fourth quarter valued at about $537,676,000. Legal & General Group Plc bought a new stake in VICI Properties during the second quarter valued at about $366,514,000. Finally, Man Group plc purchased a new stake in VICI Properties in the second quarter worth about $318,249,000. 97.71% of the stock is currently owned by institutional investors.

Trending Headlines about VICI Properties

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: JPMorgan reaffirmed its Neutral rating while maintaining a $30 price target, implying substantial potential upside from recent levels. The target suggests JPMorgan sees value in VICI’s long-term real-estate portfolio despite reducing its prior Overweight stance. JP Morgan Downgrades VICI Properties to Neutral from Overweight
• Positive Sentiment: VICI remains attractive to income-oriented investors, with its substantial dividend yield highlighted among high-yield S&P 500 investments. Its status as a casino and experiential-property landlord may support recurring rental income and dividend stability. Don’t Look Now: 4 S&P 500 Giants Pay 6% and Higher Dividends
• Neutral Sentiment: Scotiabank cut its price target to $26 from $29 but kept a Sector Perform rating. The revised target still indicates moderate upside, but the reduction reflects more cautious expectations. Scotiabank Adjusts VICI Properties Price Target
• Negative Sentiment: VICI’s latest quarterly EPS of $0.62 missed the $0.71 consensus estimate, despite revenue of $1.06 billion exceeding expectations and increasing 5.7% year over year. The earnings miss and reduced analyst confidence have contributed to selling pressure.
• Negative Sentiment: The shares have underperformed the broader market and recently reached a 52-week low, signaling weak momentum. VICI is trading well below its 50-day and 200-day moving averages, reinforcing the bearish technical backdrop. VICI Properties stock hits 52-week low

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.