Stifel Nicolaus Forecasts Strong Price Appreciation for VICI Properties (NYSE:VICI) Stock

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VICI Properties (NYSE:VICI - Get Free Report) had its price target boosted by stock analysts at Stifel Nicolaus from $34.75 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 6.40% from the stock's current price.

A number of other research analysts have also recently commented on VICI. Mizuho increased their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Truist Financial increased their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.40.

VICI Properties Stock Up 1.1%

NYSE VICI traded up $0.37 during trading on Thursday, hitting $32.90. The stock had a trading volume of 2,310,257 shares, compared to its average volume of 6,734,030. VICI Properties has a 12 month low of $27.98 and a 12 month high of $34.29. The company has a market capitalization of $34.76 billion, a PE ratio of 13.18, a P/E/G ratio of 4.22 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The company's 50-day moving average price is $32.49 and its two-hundred day moving average price is $31.67.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, sell-side analysts forecast that VICI Properties will post 2.31 EPS for the current year.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after buying an additional 984,421 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of VICI Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Capital World Investors lifted its holdings in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company's stock valued at $816,617,000 after purchasing an additional 1,755,385 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of VICI Properties by 205.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company's stock valued at $556,077,000 after purchasing an additional 11,458,239 shares in the last quarter. 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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