VICI Properties (NYSE:VICI) Price Target Cut to $27.00 by Analysts at Wells Fargo & Company

VICI Properties (NYSE:VICI) had its target price lowered by equities researchers at Wells Fargo & Company from $29.00 to $27.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 2.71% from the stock’s current price.

A number of other equities analysts also recently commented on VICI. Morgan Stanley reduced their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a report on Monday, May 4th. Barclays boosted their price target on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada started coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $32.21.

VICI Properties Price Performance

VICI Properties stock opened at $26.29 on Wednesday. The firm has a market capitalization of $28.10 billion, a PE ratio of 9.00 and a beta of 0.65. VICI Properties has a 12-month low of $25.82 and a 12-month high of $34.01. The firm has a 50-day moving average price of $27.56 and a 200-day moving average price of $28.17. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.VICI Properties’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. As a group, equities research analysts forecast that VICI Properties will post 2.46 EPS for the current year.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after purchasing an additional 25,234 shares during the last quarter. Woodline Partners LP boosted its stake in VICI Properties by 41.3% during the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after buying an additional 26,017 shares during the last quarter. Jump Financial LLC grew its holdings in VICI Properties by 45.0% in the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock valued at $867,000 after buying an additional 8,259 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of VICI Properties by 96.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after acquiring an additional 478,538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VICI Properties by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after acquiring an additional 2,775 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.