Citigroup lifts VICI Properties Inc. [VICI] price estimate. Who else is bullish?

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VICI Properties Inc. [NYSE: VICI] stock went on a downward path that fall over -2.82% on Friday, amounting to a one-week price decrease of less than -2.99%. The company report on May 4, 2022 that VICI Properties Inc. Announces First Quarter 2022 Results.

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– Reports 11.3% Revenue Growth — Completed the $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC — Completed Inaugural Investment Grade $5.0 Billion Senior Notes Offering — Completed the $4.0 Billion Venetian Resort Las Vegas Real Estate Acquisition — Updates Guidance for Full Year 2022 -.

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2022. All per share amounts included herein are on a per diluted share basis unless otherwise stated.

Over the last 12 months, VICI stock dropped by -7.90%. The one-year VICI Properties Inc. stock forecast points to a potential upside of 17.65. The average equity rating for VICI stock is currently 1.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $28.66 billion, with 684.34 million shares outstanding and 627.48 million shares in the current float. Compared to the average trading volume of 10.52M shares, VICI stock reached a trading volume of 12071740 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on VICI Properties Inc. [VICI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VICI shares is $35.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VICI stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for VICI Properties Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 07, 2022. While these analysts kept the previous recommendation, Berenberg raised their target price to Buy. The new note on the price target was released on January 20, 2022, representing the official price target for VICI Properties Inc. stock. Previously, the target price had yet another raise to $32, while Morgan Stanley analysts kept a Equal-Weight rating on VICI stock.

The Average True Range (ATR) for VICI Properties Inc. is set at 0.91, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 18.47. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 0.57.

VICI Stock Performance Analysis:

VICI Properties Inc. [VICI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.99. With this latest performance, VICI shares gained by 1.15% in over the last four-week period, additionally sinking by -0.82% over the last 6 months – not to mention a drop of -7.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VICI stock in for the last two-week period is set at 47.66, with the RSI for the last a single of trading hit 43.93, and the three-weeks RSI is set at 49.52 for VICI Properties Inc. [VICI]. The present Moving Average for the last 50 days of trading for this stock 28.47, while it was recorded at 29.66 for the last single week of trading, and 29.04 for the last 200 days.

Insight into VICI Properties Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and VICI Properties Inc. [VICI] shares currently have an operating margin of +94.99 and a Gross Margin at +98.42. VICI Properties Inc.’s Net Margin is presently recorded at +67.16.

Return on Equity for this stock inclined to 9.42, with Return on Assets sitting at 5.85.

VICI Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VICI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for VICI Properties Inc. go to 7.20%.

VICI Properties Inc. [VICI] Insider Position Details

There are presently around $27,875 million, in the hands of institutional investors. The top three institutional holders of VICI stocks are: VANGUARD GROUP INC with ownership of 100,233,079, which is approximately 2.017% of the company’s market cap and around 0.20% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 65,296,902 shares of the stock with an approximate value of $1.89 billion in VICI stocks shares; and BLACKROCK INC., currently with $1.66 billion in VICI stock with ownership of nearly 0.899% of the company’s market capitalization.

Positions in VICI Properties Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 375 institutional holders increased their position in VICI Properties Inc. [NYSE:VICI] by around 69,709,362 shares. Additionally, 249 investors decreased positions by around 56,758,338 shares, while 73 investors held positions by with 837,406,465 shares. The mentioned changes placed institutional holdings at 963,874,165 shares, according to the latest SEC report filing. VICI stock had 76 new institutional investments in for a total of 6,672,148 shares, while 64 institutional investors sold positions of 14,095,654 shares during the same period.