VICI Properties (NYSE:VICI) Lowered to Neutral Rating by JPMorgan Chase & Co.

VICI Properties (NYSE:VICI) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, Briefing.com reports. They currently have a $30.00 price objective on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 26.48% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Weiss Ratings lowered shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Wells Fargo & Company reduced their price target on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Scotiabank dropped their price target on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a research note on Thursday. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Finally, Barclays decreased their price objective on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.93.

VICI Properties Stock Down 1.1%

Shares of NYSE VICI opened at $23.72 on Thursday. The company has a market cap of $26.12 billion, a P/E ratio of 9.19 and a beta of 0.65. The firm has a 50-day simple moving average of $25.88 and a two-hundred day simple moving average of $27.12. 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 $23.70 and a 1 year high of $33.01.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Research analysts anticipate that VICI Properties will post 2.47 earnings per share for the current year.

Institutional Trading of VICI Properties

Large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL increased its stake in shares of VICI Properties by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after acquiring an additional 384 shares during the last quarter. Corrado Advisors LLC boosted its position in VICI Properties by 0.8% during the 1st quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock valued at $1,374,000 after buying an additional 393 shares during the period. Beacon Investment Advisors LLC increased its position in VICI Properties by 3.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock valued at $393,000 after buying an additional 455 shares in the last quarter. Rehmann Capital Advisory Group increased its position in VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock valued at $244,000 after acquiring an additional 483 shares during the last quarter. Finally, Physician Wealth Advisors Inc. increased its stake in VICI Properties by 54.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock worth $37,000 after buying an additional 483 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Company Profile

VICI Properties, Inc (NYSE: VICI) is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI’s portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.