VICI Properties (NYSE:VICI) Given Equal Weight Rating at Wells Fargo & Company

VICI Properties (NYSE:VICI)‘s stock had its “equal weight” rating restated by stock analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday. They currently have a $32.00 price target on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.16% from the stock’s current price.

VICI has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Thursday. Evercore ISI decreased their target price on VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price target on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Mizuho raised their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Finally, Cantor Fitzgerald decreased their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

VICI Properties Price Performance

Shares of VICI opened at $30.14 on Tuesday. The firm has a market cap of $32.22 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. VICI Properties has a 52-week low of $27.98 and a 52-week high of $34.03. The business’s 50 day moving average price is $31.41 and its two-hundred day moving average price is $32.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. On average, equities analysts anticipate that VICI Properties will post 2.31 EPS for the current year.

Institutional Investors Weigh In On VICI Properties

Large investors have recently made changes to their positions in the business. State of Wyoming purchased a new position in shares of VICI Properties in the 2nd quarter worth about $26,000. Parvin Asset Management LLC bought a new position in shares of VICI Properties during the 2nd quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its stake in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $28,000. Finally, Godsey & Gibb Inc. purchased a new position in VICI Properties in the third quarter valued at approximately $29,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.