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

VICI Properties (NYSE:VICI)‘s stock had its “overweight” rating restated by research analysts at Wells Fargo & Company in a research note issued on Tuesday, Benzinga reports. They presently have a $36.00 target price on the stock, up from their prior target price of $33.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.86% from the company’s previous close.

Other analysts also recently issued research reports about the company. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Stock Performance

VICI Properties stock opened at $32.77 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The stock has a market cap of $34.19 billion, a P/E ratio of 12.95, a PEG ratio of 5.20 and a beta of 0.94. The firm’s fifty day moving average price is $32.50 and its 200-day moving average price is $30.12.

Hedge Funds Weigh In On VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP lifted its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the last quarter. Tucker Asset Management LLC increased its holdings in shares of VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,020 shares during the period. UMB Bank n.a. lifted its stake in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VICI Properties during the 2nd quarter valued at about $43,000. Institutional investors own 97.71% of the company’s stock.

About VICI Properties

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.