VICI Properties (NYSE:VICI) Raised to Hold at Royal Bank Of Canada

VICI Properties (NYSE:VICI) was upgraded by equities researchers at Royal Bank Of Canada to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on VICI. Mizuho reiterated a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Scotiabank decreased their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Barclays raised their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Robert W. Baird lowered their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

VICI Properties Trading Down 0.8%

NYSE VICI opened at $26.50 on Thursday. VICI Properties has a 12 month low of $26.08 and a 12 month high of $34.01. The stock has a 50-day simple moving average of $28.07 and a 200 day simple moving average of $28.31. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $28.33 billion, a PE ratio of 9.08 and a beta of 0.65.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Research analysts forecast that VICI Properties will post 2.46 EPS for the current year.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of VICI Properties in the fourth quarter valued at about $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of VICI Properties by 31,134.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock worth $287,336,000 after purchasing an additional 10,185,477 shares in the last quarter. Man Group plc grew its position in shares of VICI Properties by 100.6% during the 4th quarter. Man Group plc now owns 11,406,537 shares of the company’s stock worth $320,752,000 after purchasing an additional 5,720,867 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of VICI Properties by 247.8% during the fourth quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock worth $219,112,000 after purchasing an additional 5,551,620 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of VICI Properties by 1,001.4% in the first quarter. SG Americas Securities LLC now owns 5,659,186 shares of the company’s stock valued at $154,609,000 after buying an additional 5,145,372 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Company Profile

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.