VICI Properties (NYSE:VICI) Price Target Raised to $38.00 at Evercore ISI

VICI Properties (NYSE:VICI) had its price target increased by equities researchers at Evercore ISI from $37.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 14.48% from the stock’s current price.

Several other equities analysts have also recently commented on VICI. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley upped their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Mizuho lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Finally, Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.92.

VICI Properties Price Performance

Shares of VICI stock traded up $0.04 during trading hours on Monday, reaching $33.20. The stock had a trading volume of 569,376 shares, compared to its average volume of 6,907,350. The stock’s fifty day simple moving average is $33.15 and its 200 day simple moving average is $32.37. The firm has a market capitalization of $35.40 billion, a PE ratio of 12.72, a PEG ratio of 3.31 and a beta of 0.70. VICI Properties has a 12 month low of $27.98 and a 12 month high of $34.29. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities research analysts predict that VICI Properties will post 2.31 EPS for the current year.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chesley Taft & Associates LLC grew its position in VICI Properties by 3.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,321 shares of the company’s stock worth $304,000 after acquiring an additional 324 shares during the last quarter. Wright Investors Service Inc. boosted its stake in shares of VICI Properties by 0.4% during the second quarter. Wright Investors Service Inc. now owns 74,517 shares of the company’s stock valued at $2,429,000 after purchasing an additional 330 shares during the period. Provident Investment Management Inc. boosted its stake in shares of VICI Properties by 1.5% during the first quarter. Provident Investment Management Inc. now owns 23,785 shares of the company’s stock valued at $776,000 after purchasing an additional 350 shares during the period. Heritage Wealth Advisors increased its stake in shares of VICI Properties by 18.9% in the second quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after buying an additional 350 shares during the period. Finally, Bell Investment Advisors Inc grew its holdings in VICI Properties by 32.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock worth $46,000 after acquiring an additional 351 shares during 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.