Stifel Nicolaus Boosts VICI Properties (NYSE:VICI) Price Target to $34.25

VICI Properties (NYSE:VICI) had its target price hoisted by Stifel Nicolaus from $34.00 to $34.25 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.31% from the stock’s previous close.

Several other research firms have also commented on VICI. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.23.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.92 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $31.02 and a 200-day moving average price of $31.39. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The firm has a market capitalization of $33.73 billion, a PE ratio of 12.47, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, equities research analysts expect that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On VICI Properties

Several institutional investors and hedge funds have recently modified their holdings of VICI. Transce3nd LLC bought a new position in VICI Properties during the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC grew its holdings in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC raised its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in VICI Properties in the fourth quarter worth about $33,000. Finally, Quarry LP boosted its position in shares of VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after buying an additional 897 shares during the period. Institutional investors own 97.71% of the company’s stock.

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.