Vici Properties (VICI) Receives $22.00 Consensus Target Price from Analysts

Vici Properties (NYSE:VICI) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.00.

A number of research firms have weighed in on VICI. Barclays began coverage on shares of Vici Properties in a report on Monday, February 26th. They set an “equal weight” rating and a $22.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Vici Properties in a report on Monday, February 26th. They set a “buy” rating and a $23.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of Vici Properties in a report on Monday, February 26th. They set a “neutral” rating and a $21.00 price objective on the stock. Bank of America initiated coverage on shares of Vici Properties in a report on Monday, February 26th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of Vici Properties in a report on Monday, February 26th. They issued an “equal weight” rating on the stock.

VICI stock traded up $0.15 during midday trading on Wednesday, reaching $19.90. 1,862,400 shares of the company were exchanged, compared to its average volume of 2,757,581. The company has a debt-to-equity ratio of 0.67, a current ratio of 61.16 and a quick ratio of 61.16. Vici Properties has a 1-year low of $17.58 and a 1-year high of $22.99.

Vici Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $218.00 million for the quarter, compared to the consensus estimate of $207.13 million. equities research analysts expect that Vici Properties will post 1.45 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in VICI. Allianz Asset Management GmbH acquired a new position in shares of Vici Properties in the 1st quarter valued at $521,813,000. Canyon Capital Advisors LLC acquired a new position in shares of Vici Properties in the 1st quarter valued at $437,865,000. JPMorgan Chase & Co. acquired a new position in shares of Vici Properties in the 1st quarter valued at $185,503,000. BlackRock Inc. acquired a new position in shares of Vici Properties in the 1st quarter valued at $178,617,000. Finally, OZ Management LP acquired a new position in shares of Vici Properties in the 1st quarter valued at $165,741,000. 83.10% of the stock is currently owned by institutional investors and hedge funds.

About Vici Properties

VICI Properties Inc owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. The company operates through two segments, Real Property Business and Golf Course Business. Its property portfolio consists of 19 properties, including Caesars Palace, a gaming facility in the Las Vegas Strip.

Analyst Recommendations for Vici Properties (NYSE:VICI)

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