VICI Properties (NYSE:VICI) Stock Rating Lowered by JPMorgan Chase & Co.

VICI Properties (NYSE:VICI) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They presently have a $30.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 26.48% from the company’s previous close.

VICI has been the topic of several other reports. Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Raymond James Financial set a $29.00 price objective on VICI Properties in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Wells Fargo & Company reduced their price objective on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Finally, Cantor Fitzgerald dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.93.

VICI Properties Trading Down 1.1%

Shares of VICI opened at $23.72 on Thursday. VICI Properties has a 1-year low of $23.70 and a 1-year high of $33.01. The business’s 50-day moving average price is $25.88 and its 200 day moving average price is $27.12. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $26.12 billion, a P/E ratio of 9.19 and a beta of 0.65.

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

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bayban acquired a new stake in shares of VICI Properties during the fourth quarter valued at about $25,000. Dynamic Wealth Strategies LLC acquired a new position in shares of VICI Properties in the 1st quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $28,000. Reflection Asset Management bought a new position in shares of VICI Properties in the 4th quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors acquired a new position in VICI Properties during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Company Profile

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.