VICI Properties (NYSE:VICI) Price Target Raised to $36.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company raised the price target for VICI Properties from $35.00 to $36.00, indicating a potential upside of 6.94%.
• VICI Properties currently holds a consensus rating of "Moderate Buy" based on evaluations from nine analysts who have rated the stock with a Buy rating and three with a Hold rating.
• The company reported earnings of $0.60 per share for the last quarter, aligning with analysts' expectations, while quarterly revenues increased 4.6% year-over-year.

VICI Properties (NYSE:VICI - Get Free Report) had its price target boosted by analysts at Wells Fargo & Company from $35.00 to $36.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 6.94% from the company's previous close.

VICI has been the subject of a number of other research reports. Stifel Nicolaus boosted their target price on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday, July 22nd. Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Morgan Stanley upped their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.

VICI Properties Trading Up 0.6%

Shares of VICI stock traded up $0.22 on Wednesday, reaching $33.67. 1,595,032 shares of the stock were exchanged, compared to its average volume of 6,875,597. The stock has a market cap of $35.90 billion, a PE ratio of 12.90, a P/E/G ratio of 3.35 and a beta of 0.68. VICI Properties has a one year low of $27.98 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a 50 day moving average price of $32.96 and a 200 day moving average price of $32.13.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts forecast that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICI. State of Wyoming acquired a new position in VICI Properties in the second quarter valued at about $26,000. Parvin Asset Management LLC acquired a new position in VICI Properties in the second quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company's stock valued at $28,000 after acquiring an additional 724 shares during the period. Headlands Technologies LLC acquired a new position in VICI Properties in the second quarter valued at about $28,000. Finally, Wayfinding Financial LLC acquired a new position in VICI Properties in the first quarter valued at about $29,000. 97.71% of the stock is owned by institutional investors and hedge funds.

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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