Cantor Fitzgerald Lowers VICI Properties (NYSE:VICI) Price Target to $35.00

VICI Properties (NYSE:VICI) had its target price lowered by equities researchers at Cantor Fitzgerald from $37.00 to $35.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 15.40% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Evercore ISI dropped their target price on shares of VICI Properties from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Stifel Nicolaus lowered their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Citigroup restated a “market outperform” rating on shares of VICI Properties in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Finally, Scotiabank upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $35.69.

VICI Properties Price Performance

Shares of VICI stock traded up $0.55 during trading hours on Thursday, reaching $30.33. The company’s stock had a trading volume of 8,660,670 shares, compared to its average volume of 9,413,410. VICI Properties has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The firm’s 50 day simple moving average is $31.78 and its 200-day simple moving average is $32.25. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.41 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.97 and a beta of 0.72.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.VICI Properties’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Sell-side analysts forecast that VICI Properties will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On VICI Properties

A number of hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new stake in VICI Properties in the 2nd quarter valued at $26,000. Parvin Asset Management LLC bought a new stake in shares of VICI Properties during the second quarter worth about $27,000. Hantz Financial Services Inc. raised its holdings in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares during the last quarter. Headlands Technologies LLC bought a new position in VICI Properties in the 2nd quarter valued at about $28,000. Finally, Godsey & Gibb Inc. bought a new position in VICI Properties in the 3rd quarter valued at about $29,000. 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.