VICI Properties (NYSE:VICI) Stock Price Expected to Rise, Mizuho Analyst Says

Key Points

• Analysts at Mizuho have raised their target price for VICI Properties from $34.00 to $35.00, indicating a potential upside of 5.10% from its current price.
• VICI Properties reported $0.60 earnings per share for the quarter, meeting analysts' expectations, with revenue of $1 billion exceeding predictions.
• The stock has recently attracted significant institutional investment, with 97.71% of its shares owned by institutional investors and hedge funds.

VICI Properties (NYSE:VICI - Get Free Report) had its target price lifted by analysts at Mizuho from $34.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target suggests a potential upside of 5.10% from the company's current price.

VICI has been the topic of a number of other research reports. Morgan Stanley lifted their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday. Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Finally, Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $35.83.

VICI Properties Trading Up 0.5%

VICI opened at $33.30 on Thursday. VICI Properties has a one year low of $27.98 and a one year high of $34.29. The business's 50-day simple moving average is $33.16 and its 200-day simple moving average is $32.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $35.51 billion, a P/E ratio of 12.72, a PEG ratio of 3.31 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $991.59 million. During the same quarter last year, the firm earned $0.57 earnings per share. The firm's revenue for the quarter 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 research analysts expect that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blackhawk Capital Partners LLC. increased its stake in shares of VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after buying an additional 9,967 shares during the period. DigitalBridge Group Inc. purchased a new stake in shares of VICI Properties in the fourth quarter worth $4,282,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of VICI Properties during the first quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd purchased a new position in VICI Properties in the fourth quarter worth about $2,773,000. Finally, Columbus Macro LLC raised its stake in shares of VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $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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