VICI Properties (NYSE:VICI) Upgraded at Cantor Fitzgerald

Key Points

• VICI Properties has been upgraded by Cantor Fitzgerald to a "strong-buy" rating with a price target of $37.00, indicating a potential upside of 12.72% from its current price.
• Other analysts have also increased their price targets for VICI, with the consensus target price now at $36.00 and an average rating of "Moderate Buy."
• In its latest quarterly earnings report, VICI Properties reported $1 billion in revenue, meeting analyst expectations, and set a full-year 2025 EPS guidance of 2.350-2.370.

VICI Properties (NYSE:VICI - Get Free Report) was upgraded by equities research analysts at Cantor Fitzgerald to a "strong-buy" rating in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has a $37.00 price target on the stock. Cantor Fitzgerald's price objective points to a potential upside of 12.72% from the stock's current price.

Several other brokerages also recently weighed in on VICI. Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Stifel Nicolaus increased their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Evercore ISI increased their price target on VICI Properties from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, September 15th. JPMorgan Chase & Co. increased their price target on VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, VICI Properties has an average rating of "Moderate Buy" and a consensus target price of $36.00.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.09 during trading on Wednesday, reaching $32.82. The company had a trading volume of 272,840 shares, compared to its average volume of 7,132,417. VICI Properties has a twelve month low of $27.98 and a twelve month high of $34.03. The stock has a market capitalization of $35.00 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72. The stock has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $32.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly 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 analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts predict that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors have recently added to or reduced their stakes in VICI. Chesley Taft & Associates LLC grew its holdings in shares of VICI Properties by 3.6% in the second quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company's stock worth $304,000 after purchasing an additional 324 shares during the last quarter. Wright Investors Service Inc. lifted its position in shares of VICI Properties by 0.4% during the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company's stock valued at $2,429,000 after buying an additional 330 shares during the last quarter. Provident Investment Management Inc. raised its position in shares of VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after purchasing an additional 350 shares during the last quarter. Heritage Wealth Advisors raised its position in shares of VICI Properties by 18.9% in the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company's stock valued at $72,000 after purchasing an additional 350 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its position in shares of VICI Properties by 32.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company's stock valued at $46,000 after purchasing an additional 351 shares during the last quarter. 97.71% of the stock is 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.

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.