Stifel Nicolaus Issues Positive Forecast for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI) had its price target boosted by equities research analysts at Stifel Nicolaus from $34.00 to $34.25 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 7.31% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Price Performance

VICI Properties stock opened at $31.92 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a 50-day moving average of $31.02 and a two-hundred day moving average of $31.39. The stock has a market cap of $33.73 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

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

Institutional Trading of VICI Properties

Hedge funds have recently modified their holdings of the stock. Transce3nd LLC purchased a new position in shares of VICI Properties in the 4th quarter valued at about $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 worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth $33,000. Finally, Quarry LP lifted its position in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after purchasing an additional 897 shares during the last quarter. 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.