Morgan Stanley set a $25.00 target price on VICI Properties (NYSE:VICI) in a report released on Tuesday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.
VICI has been the subject of a number of other reports. Jefferies Financial Group began coverage on VICI Properties in a report on Wednesday, April 24th. They set a buy rating and a $27.00 price objective for the company. Credit Suisse Group began coverage on VICI Properties in a report on Wednesday, March 20th. They set an outperform rating and a $24.00 price objective for the company. Zacks Investment Research lowered VICI Properties from a hold rating to a strong sell rating in a report on Friday, February 22nd. SunTrust Banks boosted their price objective on VICI Properties from $26.00 to $27.00 and gave the stock a buy rating in a report on Monday, April 8th. Finally, Evercore ISI began coverage on VICI Properties in a report on Tuesday, April 9th. They issued an outperform rating and a $26.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. VICI Properties currently has a consensus rating of Buy and an average target price of $24.62.
Shares of VICI opened at $22.39 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 87.48 and a quick ratio of 87.48. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.54 and a beta of 1.00. VICI Properties has a 52 week low of $17.64 and a 52 week high of $23.01.
VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $214.00 million during the quarter, compared to analyst estimates of $223.11 million. VICI Properties had a return on equity of 8.54% and a net margin of 62.92%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Analysts expect that VICI Properties will post 1.51 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in shares of VICI Properties in the first quarter worth about $3,708,000. FMR LLC lifted its holdings in shares of VICI Properties by 64.9% during the first quarter. FMR LLC now owns 10,089,780 shares of the company’s stock valued at $220,764,000 after purchasing an additional 3,971,145 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of VICI Properties during the first quarter valued at approximately $2,785,000. Owl Creek Asset Management L.P. lifted its holdings in shares of VICI Properties by 35.7% during the first quarter. Owl Creek Asset Management L.P. now owns 1,508,056 shares of the company’s stock valued at $32,996,000 after purchasing an additional 396,900 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of VICI Properties by 585.5% during the first quarter. Schonfeld Strategic Advisors LLC now owns 407,900 shares of the company’s stock valued at $8,925,000 after purchasing an additional 348,400 shares during the last quarter.
VICI Properties Company Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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