VICI Properties (NYSE:VICI) Raised to Outperform at Wedbush

VICI Properties (NYSE:VICI) was upgraded by equities research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a $33.00 price objective on the stock, down from their previous price objective of $34.00. Wedbush’s price target suggests a potential upside of 12.98% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Mizuho cut their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.43.

VICI Properties Stock Up 0.7 %

NYSE VICI opened at $29.21 on Thursday. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 4.12 and a beta of 0.93. The company has a 50 day moving average of $31.16 and a 200-day moving average of $31.34. VICI Properties has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

Institutional Investors Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently modified their holdings of VICI. Rockefeller Capital Management L.P. grew its holdings in shares of VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after buying an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after purchasing an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties in the second quarter worth approximately $557,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. 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.