Zacks Investment Research upgraded shares of VICI Properties (NYSE:VICI) from a sell rating to a hold rating in a research note released on Saturday morning.

According to Zacks, “VICI Properties Inc. is a real estate investment trust. The Company is primarily engaged in the business of owning, acquiring and developing gaming, hospitality and entertainment destinations. Its operating segment consists of real property business and golf course business. Real property business segment consists of leased real property. Golf courses include the Cascata golf course in Boulder City, Nevada, the Rio Secco golf course in Henderson, Nevada, the Grand Bear golf course in Biloxi, Mississippi, and the Chariot Run golf course in Elizabeth, Indiana. “

Several other research analysts have also recently issued reports on the stock. Bank of America raised shares of VICI Properties from a neutral rating to a buy rating and set a $23.00 target price for the company in a report on Monday, October 15th. Robert W. Baird initiated coverage on shares of VICI Properties in a report on Wednesday, October 24th. They set an outperform rating and a $26.00 target price for the company. Nomura initiated coverage on shares of VICI Properties in a report on Wednesday, September 26th. They set a buy rating and a $29.00 target price for the company. Citigroup initiated coverage on shares of VICI Properties in a report on Thursday, August 2nd. They set a neutral rating and a $22.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of VICI Properties from $22.00 to $23.00 and gave the stock a hold rating in a report on Tuesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $23.43.

NYSE VICI opened at $21.42 on Friday. VICI Properties has a 12-month low of $17.58 and a 12-month high of $22.99. The company has a quick ratio of 65.13, a current ratio of 65.13 and a debt-to-equity ratio of 0.66.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $225.38 million. Equities research analysts predict that VICI Properties will post 1.45 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in VICI. BlackRock Inc. grew its position in VICI Properties by 50.0% during the third quarter. BlackRock Inc. now owns 20,175,393 shares of the company’s stock valued at $436,194,000 after buying an additional 6,726,335 shares during the period. Cohen & Steers Inc. grew its position in VICI Properties by 29.2% during the third quarter. Cohen & Steers Inc. now owns 24,864,335 shares of the company’s stock valued at $537,567,000 after buying an additional 5,624,131 shares during the period. Daiwa Securities Group Inc. acquired a new stake in VICI Properties during the second quarter valued at $115,072,000. PGGM Investments acquired a new stake in VICI Properties during the second quarter valued at $54,696,000. Finally, Cbre Clarion Securities LLC grew its position in VICI Properties by 29.6% during the second quarter. Cbre Clarion Securities LLC now owns 9,722,591 shares of the company’s stock valued at $200,674,000 after buying an additional 2,222,587 shares during the period.

About VICI Properties

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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Analyst Recommendations for VICI Properties (NYSE:VICI)

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