VICI Properties (NYSE:VICI) Price Target Raised to $35.00

VICI Properties (NYSE:VICI - Get Free Report) had its target price increased by Morgan Stanley from $33.00 to $35.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 6.60% from the company's current price.

A number of other research firms also recently commented on VICI. Mizuho boosted their price objective 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. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Finally, Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.38.

VICI Properties Price Performance

Shares of VICI Properties stock traded down $0.05 during trading hours on Tuesday, reaching $32.83. The stock had a trading volume of 975,753 shares, compared to its average volume of 5,914,253. The stock's 50 day moving average is $32.03 and its 200 day moving average is $31.23. The firm has a market capitalization of $34.70 billion, a PE ratio of 13.13, a PEG ratio of 3.84 and a beta of 0.70. VICI Properties has a twelve month low of $27.54 and a twelve month high of $34.29. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same quarter last year, the firm earned $0.56 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts expect that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VICI Properties

Several hedge funds have recently added to or reduced their stakes in the business. DigitalBridge Group Inc. bought a new stake in shares of VICI Properties during the fourth quarter worth about $4,282,000. Atria Investments Inc increased its holdings in shares of VICI Properties by 86.6% in the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after buying an additional 22,897 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of VICI Properties by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock valued at $30,916,000 after purchasing an additional 180,961 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of VICI Properties during the 4th quarter valued at $2,773,000. Finally, Columbus Macro LLC boosted its position in VICI Properties by 7.8% during the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after buying an additional 8,967 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

About VICI Properties

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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