VICI Properties (NYSE:VICI) Raised to Outperform at Wedbush

VICI Properties (NYSE:VICI) was upgraded by equities research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat reports. The firm presently has a $33.00 price target on the stock, down from their previous price target of $34.00. Wedbush’s target price would indicate a potential upside of 12.02% from the company’s current price.

VICI has been the subject of several other reports. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Mizuho lowered their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Evercore ISI lifted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.43.

VICI Properties Stock Up 1.6 %

VICI stock opened at $29.46 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock’s 50 day simple moving average is $31.04 and its 200 day simple moving average is $31.34. The company has a market cap of $31.06 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93.

Institutional Trading of VICI Properties

Several hedge funds and other institutional investors have recently modified their holdings of the business. Modus Advisors LLC bought a new stake in shares of VICI Properties during the fourth quarter valued at about $2,261,000. GAMMA Investing LLC increased its holdings in VICI Properties by 18.4% during the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after acquiring an additional 2,172 shares during the period. Synovus Financial Corp lifted its stake in VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock worth $739,000 after purchasing an additional 7,742 shares in the last quarter. Tidal Investments LLC grew its position in shares of VICI Properties by 11.9% during the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock valued at $1,755,000 after purchasing an additional 5,620 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of VICI Properties in the third quarter worth $125,000. 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.