VICI Properties (NYSE:VICI) Given New $35.00 Price Target at Truist Financial

VICI Properties (NYSE:VICI) had its price target lowered by equities researchers at Truist Financial from $40.00 to $35.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 21.70% from the company’s previous close.

Other research analysts also recently issued reports about the company. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays began coverage on shares of VICI Properties in a report on Friday. They issued an “overweight” rating and a $36.00 price target on the stock. Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Stock Performance

Shares of VICI stock opened at $28.76 on Tuesday. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 4.12 and a beta of 0.94. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. 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’s 50 day moving average is $30.72 and its 200 day moving average is $31.41.

Institutional Investors Weigh In On VICI Properties

Large investors have recently made changes to their positions in the stock. Wright Investors Service Inc. increased its holdings in VICI Properties by 0.7% in the 4th quarter. Wright Investors Service Inc. now owns 73,031 shares of the company’s stock worth $2,133,000 after buying an additional 485 shares during the period. Courier Capital LLC boosted its holdings in shares of VICI Properties by 4.8% in the 4th quarter. Courier Capital LLC now owns 24,367 shares of the company’s stock valued at $712,000 after acquiring an additional 1,107 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of VICI Properties in the fourth quarter worth $263,000. Capital Investment Advisors LLC raised its holdings in shares of VICI Properties by 22.5% during the fourth quarter. Capital Investment Advisors LLC now owns 339,067 shares of the company’s stock worth $9,904,000 after purchasing an additional 62,307 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in VICI Properties during the fourth quarter valued at $359,000. 97.71% of the stock is owned by hedge funds and other 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.