VICI Properties (NYSE:VICI) Lifted to “Weight” at Morgan Stanley

Morgan Stanley upgraded shares of VICI Properties (NYSE:VICI) from an equal rating to a weight rating in a research note released on Monday, BenzingaRatingsTable reports. They currently have $26.00 target price on the stock, up from their prior target price of $25.00.

Several other analysts have also recently issued reports on the stock. Wells Fargo & Co raised shares of VICI Properties from a market perform rating to an outperform rating and upped their price target for the company from $23.00 to $24.50 in a report on Monday, July 1st. Goldman Sachs Group raised shares of VICI Properties to a buy rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research raised shares of VICI Properties from a sell rating to a hold rating in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $25.41.

Shares of VICI stock opened at $21.80 on Monday. The firm’s 50 day moving average price is $21.38 and its two-hundred day moving average price is $21.89. VICI Properties has a fifty-two week low of $17.64 and a fifty-two week high of $23.27. The company has a quick ratio of 179.91, a current ratio of 179.91 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, July 31st. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The business had revenue of $220.75 million for the quarter, compared to analysts’ expectations of $216.90 million. During the same period in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that VICI Properties will post 1.44 EPS for the current fiscal year.

In related news, insider John W. R. Payne bought 10,635 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $225,249.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Edward Baltazar Pitoniak bought 15,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $21.29 per share, with a total value of $323,608.00. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pearl River Capital LLC lifted its holdings in VICI Properties by 226.1% in the 1st quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock valued at $40,000 after acquiring an additional 1,248 shares during the last quarter. Signaturefd LLC lifted its holdings in VICI Properties by 142.7% in the 2nd quarter. Signaturefd LLC now owns 3,711 shares of the company’s stock valued at $82,000 after acquiring an additional 2,182 shares during the last quarter. Advisory Services Network LLC acquired a new stake in VICI Properties in the 2nd quarter valued at about $86,000. FNY Investment Advisers LLC acquired a new stake in VICI Properties in the 2nd quarter valued at about $88,000. Finally, Advisor Group Inc. lifted its holdings in VICI Properties by 19.0% in the 2nd quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock valued at $119,000 after acquiring an additional 861 shares during the last quarter. Hedge funds and other institutional investors own 99.84% of the company’s stock.

VICI Properties Company Profile

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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