Weiss Ratings Reiterates "Buy (B-)" Rating for VICI Properties (NYSE:VICI)

Key Points

• Weiss Ratings has reiterated a "Buy (B-)" rating for VICI Properties, with the stock having a consensus target price of $36.00.
• VICI Properties' stock recently traded at $31.42, with a 52-week high of $34.03 and low of $27.98, providing room for potential appreciation.
• The company reported earnings of $0.60 per share, meeting estimates, and showed a revenue increase of 4.6% year-over-year, totaling $1 billion.

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

Several other equities analysts also recently weighed in on the company. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Mizuho increased their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Stifel Nicolaus increased 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 target price on VICI Properties in a research report on Tuesday, July 22nd. Finally, Scotiabank increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Thirteen research 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, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.58 during midday trading on Wednesday, hitting $31.42. The company had a trading volume of 6,236,128 shares, compared to its average volume of 7,141,431. The company's 50 day simple moving average is $32.88 and its 200 day simple moving average is $32.37. VICI Properties has a 52-week low of $27.98 and a 52-week high of $34.03. The stock has a market cap of $33.50 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.22 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same period last year, the business posted $0.57 EPS. The company'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. Research analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. State of Wyoming purchased a new position in VICI Properties in the second quarter valued at about $26,000. Parvin Asset Management LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth about $27,000. Headlands Technologies LLC acquired a new stake in VICI Properties in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its holdings in shares of VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company's stock worth $28,000 after buying an additional 724 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in VICI Properties in the 1st quarter valued at approximately $29,000. 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.

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