Scotiabank Lowers VICI Properties (NYSE:VICI) Price Target to $26.00

VICI Properties (NYSE:VICI) had its target price dropped by equities research analysts at Scotiabank from $29.00 to $26.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 9.62% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Barclays reduced their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Wells Fargo & Company cut their price target on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research note on Thursday, August 13th. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a report on Thursday, July 30th. Finally, Weiss Ratings cut VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Hold” and an average target price of $29.92.

VICI Properties Stock Down 1.1%

NYSE VICI opened at $23.72 on Thursday. VICI Properties has a twelve month low of $23.70 and a twelve month high of $33.01. The stock has a market cap of $26.12 billion, a PE ratio of 9.19 and a beta of 0.65. The firm has a 50-day simple moving average of $25.88 and a 200 day simple moving average of $27.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, research analysts forecast that VICI Properties will post 2.47 EPS for the current year.

Institutional Trading of VICI Properties

Several hedge funds have recently modified their holdings of VICI. QRG Capital Management Inc. boosted its holdings in VICI Properties by 8.6% in the second quarter. QRG Capital Management Inc. now owns 456,786 shares of the company’s stock worth $12,128,000 after acquiring an additional 36,140 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of VICI Properties by 3.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 33,596 shares of the company’s stock valued at $892,000 after purchasing an additional 1,083 shares during the last quarter. State Street Corp lifted its position in shares of VICI Properties by 4.5% during the 2nd quarter. State Street Corp now owns 67,155,780 shares of the company’s stock worth $1,812,259,000 after buying an additional 2,920,133 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in VICI Properties by 19.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock worth $29,147,000 after acquiring an additional 177,238 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of VICI Properties by 14.0% during the 2nd quarter. Tidal Investments LLC now owns 100,502 shares of the company’s stock worth $2,668,000 after purchasing an additional 12,362 shares during the period. Institutional investors own 97.71% of the company’s stock.

About VICI Properties

VICI Properties, Inc (NYSE: VICI) is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI’s portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.