Stifel Nicolaus Raises VICI Properties (NYSE:VICI) Price Target to $34.00

VICI Properties (NYSE:VICI) had its target price raised by analysts at Stifel Nicolaus from $33.75 to $34.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 8.79% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Truist Financial lowered their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Trading Up 1.6 %

Shares of VICI Properties stock opened at $31.25 on Friday. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $32.95 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The company has a 50-day simple moving average of $29.59 and a 200 day simple moving average of $31.43. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Research analysts expect that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VICI Properties

Several hedge funds have recently added to or reduced their stakes in VICI. CHURCHILL MANAGEMENT Corp raised its position in shares of VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares during the period. Rockefeller Capital Management L.P. increased its stake in VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of VICI Properties in the 4th quarter valued at $359,000. Institutional investors and hedge funds 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.