VICI Properties (NYSE:VICI) Price Target Cut to $35.00 by Analysts at Cantor Fitzgerald

VICI Properties (NYSE:VICI) had its target price lowered by analysts at Cantor Fitzgerald from $37.00 to $35.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 15.64% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Barclays increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of VICI Properties in a report on Wednesday, October 8th. Stifel Nicolaus dropped their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Evercore ISI dropped their price objective on VICI Properties from $38.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.69.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.10 on Thursday, hitting $30.27. 325,673 shares of the stock were exchanged, compared to its average volume of 7,346,455. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $32.35 billion, a PE ratio of 11.54, a P/E/G ratio of 3.01 and a beta of 0.72. VICI Properties has a one year low of $27.98 and a one year high of $34.03. The firm’s 50 day moving average is $31.92 and its two-hundred day moving average is $32.28.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Sell-side analysts expect that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VICI Properties

Several institutional investors have recently modified their holdings of VICI. World Investment Advisors increased its position in shares of VICI Properties by 15.0% during the 1st quarter. World Investment Advisors now owns 14,801 shares of the company’s stock valued at $483,000 after purchasing an additional 1,934 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of VICI Properties by 6.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 18,296 shares of the company’s stock valued at $597,000 after purchasing an additional 1,148 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of VICI Properties by 1.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 662,378 shares of the company’s stock valued at $21,269,000 after purchasing an additional 10,224 shares during the last quarter. Greenleaf Trust increased its position in shares of VICI Properties by 39.7% during the 1st quarter. Greenleaf Trust now owns 13,154 shares of the company’s stock valued at $429,000 after purchasing an additional 3,738 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of VICI Properties by 6.0% during the 1st quarter. Principal Securities Inc. now owns 34,119 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,922 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.