VICI Properties (NYSE:VICI) was upgraded by Goldman Sachs Group to a “buy” rating in a report issued on Tuesday, TipRanks reports.
Several other research analysts have also commented on the company. Morgan Stanley set a $25.00 price target on VICI Properties and gave the stock a “hold” rating in a research report on Tuesday. Jefferies Financial Group initiated coverage on VICI Properties in a research report on Wednesday, April 24th. They issued a “buy” rating and a $27.00 price target for the company. SunTrust Banks boosted their price target on VICI Properties from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Evercore ISI initiated coverage on VICI Properties in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, Zacks Investment Research raised VICI Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.62.
NYSE VICI traded up $0.10 on Tuesday, reaching $22.39. 1,620,888 shares of the stock traded hands, compared to its average volume of 3,037,574. The company has a quick ratio of 87.48, a current ratio of 87.48 and a debt-to-equity ratio of 0.59. The firm has a market cap of $9.03 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.00. VICI Properties has a 12 month low of $17.64 and a 12 month high of $23.01.
VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. The business had revenue of $214.00 million during the quarter, compared to analyst estimates of $223.11 million. VICI Properties had a return on equity of 8.54% and a net margin of 62.92%. VICI Properties’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. On average, research analysts expect that VICI Properties will post 1.51 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in VICI. Marshall Wace LLP purchased a new position in shares of VICI Properties in the first quarter valued at approximately $3,708,000. FMR LLC lifted its position in shares of VICI Properties by 64.9% in the first quarter. FMR LLC now owns 10,089,780 shares of the company’s stock valued at $220,764,000 after acquiring an additional 3,971,145 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of VICI Properties in the first quarter valued at approximately $2,785,000. Owl Creek Asset Management L.P. lifted its position in shares of VICI Properties by 35.7% in the first quarter. Owl Creek Asset Management L.P. now owns 1,508,056 shares of the company’s stock valued at $32,996,000 after acquiring an additional 396,900 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of VICI Properties by 585.5% in the first quarter. Schonfeld Strategic Advisors LLC now owns 407,900 shares of the company’s stock valued at $8,925,000 after acquiring an additional 348,400 shares in the last quarter.
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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