VICI Properties (NYSE:VICI) Price Target Lowered to $35.00 at Truist Financial

VICI Properties (NYSE:VICI) had its target price cut by investment analysts at Truist Financial from $40.00 to $35.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 21.78% from the company’s previous close.

A number of other brokerages have also weighed in on VICI. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Stock Down 0.8 %

Shares of NYSE:VICI opened at $28.74 on Tuesday. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The firm has a market cap of $30.30 billion, a P/E ratio of 10.64, a P/E/G ratio of 3.60 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $30.56 and its two-hundred day moving average price is $31.40.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Carmel Capital Partners LLC boosted its position in shares of VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Continuum Advisory LLC lifted its holdings in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares in the last quarter. MAS Advisors LLC grew its stake in VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after acquiring an additional 398 shares during the period. Insight Folios Inc increased its holdings in shares of VICI Properties by 2.5% in the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after acquiring an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after purchasing an additional 442 shares during the period. Institutional investors and hedge funds 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.