Weiss Ratings Reiterates “Buy (B-)” Rating for VICI Properties (NYSE:VICI)

VICI Properties (NYSE:VICI)‘s stock had its “buy (b-)” rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

VICI has been the subject of a number of other reports. Evercore ISI raised their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Mizuho raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Cantor Fitzgerald began coverage on VICI Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $37.00 target price for the company. JPMorgan Chase & Co. raised their target price on VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $36.00.

VICI Properties Stock Performance

Shares of VICI opened at $30.97 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $32.82 and a 200 day moving average of $32.36. VICI Properties has a 12 month low of $27.98 and a 12 month high of $34.03. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.13 and a beta of 0.72.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period last year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, sell-side analysts forecast that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On VICI Properties

Several large investors have recently added to or reduced their stakes in VICI. Blackhawk Capital Partners LLC. grew its position in VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock worth $643,000 after buying an additional 9,967 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in VICI Properties during the first quarter worth about $2,170,000. Columbus Macro LLC grew its position in VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company’s stock worth $4,044,000 after buying an additional 8,967 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in VICI Properties during the first quarter worth about $324,000. Finally, State of Alaska Department of Revenue grew its position in VICI Properties by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 640,550 shares of the company’s stock worth $20,893,000 after buying an additional 17,361 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

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.