VICI Properties (NYSE:VICI - Get Free Report)'s stock had its "market outperform" rating reiterated by JMP Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $35.00 price objective on the stock. JMP Securities' price objective indicates a potential upside of 15.36% from the stock's previous close.
Several other equities research analysts have also recently commented on VICI. Barclays started coverage on VICI Properties in a research note on Friday, January 10th. They set an "overweight" rating and a $36.00 price target for the company. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.
Read Our Latest Stock Analysis on VICI Properties
VICI traded up $0.74 on Monday, reaching $30.34. The company's stock had a trading volume of 2,513,962 shares, compared to its average volume of 7,405,922. 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 has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock has a 50 day moving average of $30.31 and a two-hundred day moving average of $31.51. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 3.76 and a beta of 0.94.
A number of large investors have recently modified their holdings of the company. Yousif Capital Management LLC raised its holdings in shares of VICI Properties by 12.1% in the 4th quarter. Yousif Capital Management LLC now owns 182,394 shares of the company's stock worth $5,328,000 after purchasing an additional 19,625 shares during the period. Retirement Systems of Alabama raised its holdings in shares of VICI Properties by 0.7% during the 4th quarter. Retirement Systems of Alabama now owns 833,838 shares of the company's stock valued at $24,356,000 after buying an additional 5,966 shares during the period. Brown Lisle Cummings Inc. raised its holdings in shares of VICI Properties by 85.8% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,159 shares of the company's stock valued at $92,000 after buying an additional 1,459 shares during the period. RBA Wealth Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $235,000. Finally, Columbus Macro LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $3,360,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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