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

VICI Properties (NYSE:VICI) had its target price lowered by analysts at Barclays from $36.00 to $35.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 17.27% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Price Performance

Shares of VICI stock opened at $29.85 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 stock’s fifty day simple moving average is $30.03 and its 200 day simple moving average is $31.50. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 3.80 and a beta of 0.95.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after acquiring an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the last quarter. State Street Corp grew its stake in shares of VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after purchasing an additional 960,706 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the period. 97.71% of the stock is owned by institutional investors.

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.