Wells Fargo & Company Issues Positive Forecast for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI - Get Free Report) had its target price lifted by stock analysts at Wells Fargo & Company from $34.00 to $35.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 4.24% from the company's previous close.

Several other equities research analysts have also commented on VICI. Stifel Nicolaus upped their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.20.

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VICI Properties Price Performance

Shares of VICI stock traded up $0.93 during mid-day trading on Monday, hitting $33.58. The company had a trading volume of 452,872 shares, compared to its average volume of 6,629,933. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock's 50 day moving average price is $30.22 and its 200-day moving average price is $31.48. The company has a market capitalization of $35.47 billion, a P/E ratio of 13.10, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities research analysts forecast that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Trading of VICI Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in VICI. Norges Bank acquired a new position in VICI Properties in the fourth quarter worth $419,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock worth $297,685,000 after buying an additional 7,658,819 shares during the period. Northern Trust Corp grew its position in shares of VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after acquiring an additional 3,298,314 shares during the last quarter. Mackenzie Financial Corp raised its holdings in VICI Properties by 2,437.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after purchasing an additional 3,255,078 shares in the last quarter. Finally, Capital World Investors boosted its stake in VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares in 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.

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