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

VICI Properties (NYSE:VICI - Get Free Report) had its price objective lowered by Truist Financial from $40.00 to $35.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target points to a potential upside of 20.73% from the stock's current price.

VICI has been the subject of a number of other reports. Barclays assumed coverage on shares of VICI Properties in a report on Friday. They set an "overweight" rating and a $36.00 price objective for the company. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.33.

VICI Properties Price Performance

NYSE:VICI traded up $0.26 during mid-day trading on Tuesday, hitting $28.99. 6,629,485 shares of the stock traded hands, compared to its average volume of 7,936,724. The business's 50-day moving average price is $30.67 and its 200 day moving average price is $31.41. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $30.56 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29.

Hedge Funds Weigh In On VICI Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in 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 acquiring an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock valued at $945,712,000 after purchasing an additional 608,696 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 buying an additional 201,899 shares during the last quarter. Legal & General Group Plc increased its holdings in 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 buying an additional 251,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock worth $393,847,000 after buying an additional 770,195 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.