Barclays Cuts VICI Properties (NYSE:VICI) Price Target to $35.00

VICI Properties (NYSE:VICI) had its target price lowered by Barclays from $36.00 to $35.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 16.92% from the stock’s previous close.

A number of other brokerages have also recently commented on VICI. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Mizuho decreased their price objective 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, January 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $29.94 on Tuesday. The stock has a market cap of $31.56 billion, a PE ratio of 11.09, a PEG ratio of 3.80 and a beta of 0.95. The company’s fifty day moving average is $29.93 and its 200 day moving average is $31.48. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

Institutional Investors Weigh In On VICI Properties

Large investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp boosted its stake in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 770,195 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in VICI Properties during the fourth quarter worth about $693,000. 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.