The Goldman Sachs Group Has Lowered Expectations for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI) had its price target decreased by research analysts at The Goldman Sachs Group from $38.00 to $34.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 17.28% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Cantor Fitzgerald dropped their target price on shares of VICI Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Evercore ISI decreased their price objective on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Stifel Nicolaus reduced their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, November 19th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $35.29.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $28.99 on Friday. The stock’s fifty day simple moving average is $30.72 and its 200 day simple moving average is $32.00. The stock has a market capitalization of $30.98 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 2.87 and a beta of 0.72. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties has a 52-week low of $27.98 and a 52-week high of $34.03.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The business 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%.VICI Properties’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, sell-side analysts forecast that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VICI Properties

Hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in shares of VICI Properties by 85.3% during the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after purchasing an additional 9,451 shares in the last quarter. Prudential PLC lifted its holdings in shares of VICI Properties by 2,890.2% during the 2nd quarter. Prudential PLC now owns 498,555 shares of the company’s stock worth $16,253,000 after acquiring an additional 481,882 shares during the period. State of Michigan Retirement System lifted its holdings in shares of VICI Properties by 5.9% during the 2nd quarter. State of Michigan Retirement System now owns 302,800 shares of the company’s stock worth $9,871,000 after acquiring an additional 16,800 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of VICI Properties by 33.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,144 shares of the company’s stock valued at $200,000 after acquiring an additional 1,551 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in VICI Properties by 82.8% in the second quarter. Westpac Banking Corp now owns 301,787 shares of the company’s stock valued at $9,838,000 after acquiring an additional 136,700 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

About VICI Properties

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.