Truist Financial Has Lowered Expectations for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI) had its price objective decreased by investment analysts at Truist Financial from $40.00 to $35.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 21.70% from the stock’s previous close.

A number of other research firms have also recently weighed in on VICI. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. Barclays started coverage on VICI Properties in a research note on Friday. They issued an “overweight” rating and a $36.00 price target for the company. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho cut their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.76 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm’s 50 day simple moving average is $30.72 and its 200-day simple moving average is $31.41. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The stock has a market capitalization of $30.32 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 4.12 and a beta of 0.94.

Hedge Funds Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently modified their holdings of VICI. Quarry LP boosted its stake in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. UMB Bank n.a. increased its position in VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in VICI Properties in the 3rd quarter valued at about $67,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.