Evercore ISI Forecasts Strong Price Appreciation for VICI Properties (NYSE:VICI) Stock

Key Points

• Evercore ISI raised its price target for VICI Properties from $37.00 to $38.00, indicating potential upside of 14.48% based on the stock's previous close.
• VICI Properties has a strong market presence, owning iconic properties like Caesars Palace and MGM Grand, and currently holds a consensus rating of Moderate Buy among analysts.
• The company reported earnings of $0.60 per share for the last quarter, matching analyst estimates, and its revenue grew by 4.6% year-over-year.

VICI Properties (NYSE:VICI - Get Free Report) had its price target raised by research analysts at Evercore ISI from $37.00 to $38.00 in a report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Evercore ISI's target price suggests a potential upside of 14.48% from the company's previous close.

A number of other research analysts have also weighed in on VICI. Morgan Stanley raised their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. JMP Securities set a $35.00 price objective on VICI Properties in a research note on Tuesday, July 22nd. Scotiabank upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised their price target on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Finally, Mizuho boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

VICI Properties Stock Up 0.1%

VICI Properties stock traded up $0.04 during midday trading on Monday, reaching $33.20. The stock had a trading volume of 569,376 shares, compared to its average volume of 6,907,350. The company has a fifty day moving average price of $33.15 and a two-hundred day moving average price of $32.37. The company has a market capitalization of $35.40 billion, a P/E ratio of 12.72, a PEG ratio of 3.31 and a beta of 0.70. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties has a 12 month low of $27.98 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period last year, the business earned $0.57 EPS. VICI Properties's quarterly revenue was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts expect that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VICI. Chesley Taft & Associates LLC boosted its position in VICI Properties by 3.6% during the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock worth $304,000 after purchasing an additional 324 shares during the period. Wright Investors Service Inc. boosted its holdings in VICI Properties by 0.4% in the 2nd quarter. Wright Investors Service Inc. now owns 74,517 shares of the company's stock worth $2,429,000 after buying an additional 330 shares during the period. Provident Investment Management Inc. grew its stake in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after buying an additional 350 shares in the last quarter. Heritage Wealth Advisors raised its holdings in VICI Properties by 18.9% during the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company's stock valued at $72,000 after acquiring an additional 350 shares during the period. Finally, Bell Investment Advisors Inc raised its holdings in VICI Properties by 32.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company's stock valued at $46,000 after acquiring an additional 351 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

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