VICI Properties (NYSE:VICI) Cut to “In-Line” at Evercore ISI

Evercore ISI downgraded shares of VICI Properties (NYSE:VICI) from an outperform rating to an in-line rating in a research report released on Monday morning, Marketbeat Ratings reports. Evercore ISI currently has $32.00 price objective on the stock, down from their prior price objective of $36.00.

A number of other equities research analysts have also issued reports on VICI. Stifel Nicolaus cut their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Barclays increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Mizuho lifted their price target on VICI Properties from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Cantor Fitzgerald decreased their price objective on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.71.

VICI Properties Stock Down 0.6%

Shares of VICI Properties stock opened at $28.28 on Monday. VICI Properties has a 12-month low of $27.98 and a 12-month high of $34.03. The firm has a market capitalization of $30.22 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.83 and a beta of 0.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $30.53 and its 200-day moving average is $31.93.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts anticipate that VICI Properties will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On VICI Properties

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in VICI Properties during the second quarter worth $486,945,000. Price T Rowe Associates Inc. MD grew its holdings in shares of VICI Properties by 205.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after purchasing an additional 11,458,239 shares during the last quarter. Nuveen LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth about $320,179,000. UBS Group AG lifted its holdings in VICI Properties by 99.5% during the 3rd quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock valued at $314,886,000 after purchasing an additional 4,815,053 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in VICI Properties by 172.4% in the first quarter. Deutsche Bank AG now owns 7,395,134 shares of the company’s stock valued at $241,229,000 after buying an additional 4,680,136 shares in the last quarter. Institutional investors 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.