VICI Properties (NYSE:VICI) Rating Reiterated by Wells Fargo & Company

VICI Properties (NYSE:VICI)‘s stock had its “overweight” rating reiterated by research analysts at Wells Fargo & Company in a report released on Tuesday, Benzinga reports. They currently have a $36.00 price objective on the stock, up from their previous price objective of $33.00. Wells Fargo & Company‘s price objective suggests a potential upside of 9.86% from the company’s previous close.

A number of other brokerages also recently issued reports on VICI. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Price Performance

VICI stock opened at $32.77 on Tuesday. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 5.20 and a beta of 0.94. The firm’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $30.12. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties has a 12-month low of $26.63 and a 12-month high of $34.29.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after buying an additional 442 shares during the period. Sanctuary Advisors LLC bought a new stake in VICI Properties during the second quarter worth about $1,631,000. Gordian Capital Singapore Pte Ltd bought a new stake in VICI Properties during the second quarter worth about $557,000. Cetera Investment Advisers grew its holdings in VICI Properties by 91.6% in the second quarter. Cetera Investment Advisers now owns 179,042 shares of the company’s stock worth $5,128,000 after purchasing an additional 85,587 shares during the period. Finally, Heartland Bank & Trust Co increased its stake in shares of VICI Properties by 4.4% during the second quarter. Heartland Bank & Trust Co now owns 12,323 shares of the company’s stock valued at $353,000 after purchasing an additional 521 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

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.