Barclays Initiates Coverage on VICI Properties (NYSE:VICI)

Equities research analysts at Barclays began coverage on shares of VICI Properties (NYSE:VICI) in a research note issued on Friday, MarketBeat reports. The firm set an “overweight” rating and a $36.00 price target on the stock. Barclays‘s target price points to a potential upside of 27.52% from the stock’s current price.

A number of other equities analysts also recently weighed in on VICI. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho decreased their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Wednesday, December 11th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

VICI Properties Price Performance

VICI stock opened at $28.23 on Friday. The firm has a market cap of $29.76 billion, a P/E ratio of 10.46, a P/E/G ratio of 4.12 and a beta of 0.94. The firm’s fifty day moving average is $30.72 and its 200 day moving average is $31.39. 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 52 week low of $27.08 and a 52 week high of $34.29.

Hedge Funds Weigh In On VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased its stake in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the period. Continuum Advisory LLC boosted its stake in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares in the last quarter. UMB Bank n.a. raised its stake in VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of VICI Properties in the 3rd quarter worth $67,000. Hedge funds and other 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.