Cantor Fitzgerald Cuts VICI Properties (NYSE:VICI) Price Target to $32.00

Key Points

• Cantor Fitzgerald lowered its price target for VICI Properties from $34 to $32 while maintaining an “overweight” rating, implying approximately 19.75% upside from the stock’s $26.72 price.
• Analyst sentiment is mixed: VICI has a consensus “Hold” rating and an average price target of $31.46, with six Buy ratings and seven Holds.
• VICI’s stock remains near the lower end of its 12-month range, while institutional investors own a substantial 97.71% of shares.

VICI Properties (NYSE:VICI - Get Free Report) had its price target dropped by equities researchers at Cantor Fitzgerald from $34.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target would suggest a potential upside of 19.75% from the company's current price.

Several other research analysts have also recently weighed in on VICI. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of VICI Properties in a report on Wednesday, June 24th. Barclays lowered their target price on VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a report on Friday, July 31st. Finally, Robert W. Baird set a $32.00 price objective on VICI Properties in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Hold" and a consensus price target of $31.46.

VICI Properties Stock Performance

VICI opened at $26.72 on Monday. The company's 50 day moving average is $26.91 and its 200 day moving average is $27.99. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 10.36 and a beta of 0.65. VICI Properties has a 12-month low of $25.82 and a 12-month high of $33.92.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of VICI Properties in the second quarter valued at about $3,433,817,000. Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter worth about $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in VICI Properties by 31,134.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company's stock valued at $287,336,000 after purchasing an additional 10,185,477 shares during the period. Man Group plc raised its stake in VICI Properties by 100.6% during the 4th quarter. Man Group plc now owns 11,406,537 shares of the company's stock valued at $320,752,000 after purchasing an additional 5,720,867 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in VICI Properties by 247.8% in the 4th quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company's stock worth $219,112,000 after purchasing an additional 5,551,620 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Company Profile

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.

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