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

VICI Properties (NYSE:VICI)‘s stock had its “overweight” rating reiterated by investment analysts at Wells Fargo & Company in a note issued to investors on Tuesday, Benzinga reports. They currently have a $36.00 price target on the stock, up from their previous price target of $33.00. Wells Fargo & Company‘s target price would indicate a potential upside of 8.96% from the stock’s current price.

VICI has been the subject of several other research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Price Performance

VICI stock traded down $0.27 during trading on Tuesday, hitting $33.04. The company had a trading volume of 1,198,829 shares, compared to its average volume of 5,926,268. The company has a fifty day moving average price of $32.45 and a two-hundred day moving average price of $30.09. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market cap of $34.47 billion, a P/E ratio of 13.08, a P/E/G ratio of 5.20 and a beta of 0.94. VICI Properties has a fifty-two week low of $26.63 and a fifty-two week high of $34.29.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently made changes to their positions in VICI. Montag A & Associates Inc. increased its holdings in VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after purchasing an additional 389 shares during the last quarter. MAS Advisors LLC grew its stake in VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after acquiring an additional 398 shares during the period. Courier Capital LLC grew its stake in VICI Properties by 2.0% in the first quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after acquiring an additional 417 shares during the period. Oppenheimer & Co. Inc. grew its stake in VICI Properties by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after acquiring an additional 448 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in VICI Properties by 1.7% in the second quarter. Ashton Thomas Private Wealth LLC now owns 30,165 shares of the company’s stock valued at $864,000 after acquiring an additional 508 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.