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

VICI Properties (NYSE:VICI) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, Marketbeat reports. The brokerage presently has a $33.00 price objective on the stock, down from their prior price objective of $34.00. Wedbush’s target price would indicate a potential upside of 12.02% from the company’s current price.

VICI has been the topic of a number of other research reports. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research 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. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.43.

VICI Properties Stock Performance

VICI Properties stock opened at $29.46 on Thursday. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm’s fifty day moving average price is $31.04 and its 200-day moving average price is $31.34. The stock has a market cap of $31.06 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after acquiring an additional 608,696 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of VICI Properties by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares in the last quarter. Legal & General Group Plc raised its position in shares of VICI Properties by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in VICI Properties by 6.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after purchasing an additional 751,078 shares in the last quarter. 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.