VICI Properties (NYSE:VICI) Given Buy Rating at Robert W. Baird

VICI Properties (NYSE:VICI)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a note issued to investors on Monday, TipRanks reports. They currently have a $34.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 14.29% from the stock’s current price.

VICI has been the topic of several other reports. Raymond James boosted their price target on VICI Properties from $34.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Friday, June 4th. Capital One Financial restated an “overweight” rating on shares of VICI Properties in a report on Wednesday, September 1st. Zacks Investment Research lowered VICI Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 6th. Wolfe Research initiated coverage on shares of VICI Properties in a report on Monday, June 14th. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price target on shares of VICI Properties from $31.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, July 23rd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, VICI Properties currently has an average rating of “Buy” and a consensus price target of $34.25.

NYSE:VICI traded up $0.02 on Monday, reaching $29.75. The company’s stock had a trading volume of 92,915 shares, compared to its average volume of 5,547,794. The firm has a market cap of $17.91 billion, a PE ratio of 12.87, a PEG ratio of 2.21 and a beta of 1.06. VICI Properties has a 1-year low of $22.13 and a 1-year high of $33.35. The business’s 50-day moving average price is $30.49 and its two-hundred day moving average price is $30.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 8.88 and a current ratio of 8.88.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 28th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. VICI Properties had a return on equity of 13.16% and a net margin of 85.88%. As a group, sell-side analysts expect that VICI Properties will post 1.86 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Blueprint LLC acquired a new stake in shares of VICI Properties during the second quarter worth $27,000. FFT Wealth Management LLC acquired a new position in VICI Properties in the second quarter valued at approximately $30,000. Ameritas Investment Company LLC acquired a new position in shares of VICI Properties during the first quarter worth approximately $34,000. Fieldpoint Private Securities LLC acquired a new stake in VICI Properties in the second quarter worth approximately $42,000. Finally, Berman Capital Advisors LLC increased its holdings in shares of VICI Properties by 347.4% in the second quarter. Berman Capital Advisors LLC now owns 1,387 shares of the company’s stock valued at $43,000 after buying an additional 1,077 shares in the last quarter.

VICI Properties Company Profile

VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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