VICI Properties (NYSE:VICI) Given Overweight Rating at Wells Fargo & Company

VICI Properties (NYSE:VICI)‘s stock had its “overweight” rating restated by equities researchers at Wells Fargo & Company in a research report issued on Tuesday, Benzinga reports. They currently have a $36.00 target price on the stock, up from their prior target price of $33.00. Wells Fargo & Company‘s price objective indicates a potential upside of 8.96% from the company’s previous close.

Several other research analysts have also recently weighed in on VICI. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Stock Down 0.8 %

Shares of VICI stock traded down $0.27 on Tuesday, hitting $33.04. 1,198,829 shares of the stock were exchanged, compared to its average volume of 5,926,268. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $34.47 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94. The business has a 50-day moving average of $32.45 and a 200 day moving average of $30.09. VICI Properties has a fifty-two week low of $26.63 and a fifty-two week high of $34.29.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the period. Tucker Asset Management LLC increased its stake in shares of VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares during the period. UMB Bank n.a. increased its stake in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. increased its stake in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties during the second quarter worth approximately $43,000. Institutional investors own 97.71% of the company’s stock.

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.