Cantor Fitzgerald Issues Pessimistic Forecast for VICI Properties (NYSE:VICI) Stock Price

VICI Properties (NYSE:VICI) had its price target dropped by stock analysts at Cantor Fitzgerald from $34.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 19.75% from the company’s previous close.

Other research analysts have also issued reports about the stock. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a report on Thursday, July 30th. Barclays lowered their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley lowered their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Finally, Wells Fargo & Company reduced their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.46.

VICI Properties Stock Performance

NYSE:VICI opened at $26.72 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. VICI Properties has a 1 year low of $25.82 and a 1 year high of $33.92. The stock’s 50 day simple moving average is $26.91 and its two-hundred day simple moving average is $27.99. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 10.36 and a beta of 0.65.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Danske Bank A S purchased a new stake in shares of VICI Properties during the second quarter valued at $2,950,000. Oxbow Advisors LLC purchased a new position in shares of VICI Properties in the second quarter worth about $7,054,000. Wealthfront Advisers LLC purchased a new stake in VICI Properties in the second quarter valued at approximately $10,383,000. Main Street Financial Solutions LLC acquired a new position in VICI Properties in the 2nd quarter worth approximately $302,000. Finally, Fidelity National Financial Inc. acquired a new stake in VICI Properties during the 2nd quarter valued at approximately $26,550,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.