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

VICI Properties (NYSE:VICI) had its price target increased by research analysts at Barclays from $35.00 to $36.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 10.19% from the stock’s current price.

Several other equities analysts have also issued reports on VICI. Stifel Nicolaus lifted their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial decreased 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. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.30.

VICI Properties Stock Up 0.6 %

Shares of VICI Properties stock opened at $32.67 on Tuesday. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a 50-day moving average of $29.89 and a 200 day moving average of $31.47. The firm has a market cap of $34.51 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 69.59% and a return on equity of 10.24%. As a group, sell-side analysts anticipate that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. raised its position in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after acquiring an additional 340 shares during the period. Carret Asset Management LLC raised its stake in shares of VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after buying an additional 354 shares during the period. Carmel Capital Partners LLC grew its stake in shares of VICI Properties by 1.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after acquiring an additional 367 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after acquiring an additional 372 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 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.