VICI Properties (NYSE:VICI) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• VICI Properties had its "buy (B-)" rating reaffirmed by Weiss Ratings, highlighting continued positive sentiment among analysts.
• Recent price targets for VICI's stock show a consensus rating of "Moderate Buy" with an average price target of $36.08.
• The company reported last quarter earnings of $0.60 EPS, matching analyst expectations, and a revenue increase of 4.6% year-over-year.

VICI Properties (NYSE:VICI - Get Free Report)'s stock had its "buy (b-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other research analysts have also recently weighed in on the company. Stifel Nicolaus lifted their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Evercore ISI upped their price target on shares of VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Finally, Mizuho increased their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.08.

VICI Properties Stock Performance

Shares of VICI Properties stock traded down $0.09 on Friday, hitting $31.34. 3,007,824 shares of the company's stock were exchanged, compared to its average volume of 7,193,613. The company has a 50-day simple moving average of $32.43 and a 200-day simple moving average of $32.32. The stock has a market capitalization of $33.41 billion, a PE ratio of 12.01, a PEG ratio of 3.12 and a beta of 0.72. VICI Properties has a 1 year low of $27.98 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

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

Institutional Investors Weigh In On VICI Properties

Hedge funds have recently modified their holdings of the business. State of Wyoming acquired a new stake in shares of VICI Properties in the 2nd quarter worth $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties during the second quarter worth $27,000. Hantz Financial Services Inc. increased its stake in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company's stock valued at $28,000 after purchasing an additional 724 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the 2nd quarter valued at approximately $28,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the first quarter worth about $29,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.