Robert W. Baird Cuts VICI Properties (NYSE:VICI) Price Target to $34.00

VICI Properties (NYSE:VICI) had its target price reduced by Robert W. Baird from $36.00 to $34.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Barclays lowered their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $36.00 to $30.00 in a research note on Friday, January 30th. The Goldman Sachs Group decreased their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.69.

VICI Properties Stock Performance

VICI opened at $29.88 on Monday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.59. The firm has a market cap of $31.93 billion, a PE ratio of 11.45, a P/E/G ratio of 3.46 and a beta of 0.67. The business has a fifty day simple moving average of $28.79 and a 200-day simple moving average of $30.14. VICI Properties has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, February 25th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. VICI Properties had a net margin of 69.28% and a return on equity of 10.02%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. As a group, equities analysts predict that VICI Properties will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of VICI Properties during the 2nd quarter valued at about $26,000. Parvin Asset Management LLC acquired a new position in shares of VICI Properties during the 2nd quarter worth $27,000. Hantz Financial Services Inc. raised its holdings in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in VICI Properties in the fourth quarter worth $28,000. Finally, Headlands Technologies LLC acquired a new position in VICI Properties during the second quarter worth $28,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.