Raymond James slashes price target on VICI Properties Inc. [VICI] – find out why.

VICI Properties Inc. [NYSE: VICI] traded at a high on 03/03/23, posting a 0.95 gain after which it closed the day’ session at $34.12. The company report on February 27, 2023 that VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Mad Money with Jim Cramer”.

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VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBC’s “Mad Money with Jim Cramer” on Friday, February 24, 2023. Mr. Pitoniak discussed VICI Properties’ FY 2022 earnings results and outlook for 2023. Click here to view the appearance.

About VICI PropertiesVICI 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. VICI Properties’ geographically diverse portfolio consists of 49 gaming facilities across the United States and Canada comprising approximately 124 million square feet and features approximately 59,300 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., Cherokee Nation Entertainment, the Eastern Band of Cherokee Indians, Foundation Gaming & Entertainment, LLC, Hard Rock International Inc., JACK Entertainment LLC, MGM Resorts International, Penn Entertainment, Inc., PURE Canadian Gaming Corp., and The Venetian Las Vegas. VICI Properties has a growing array of investing and financing partnerships with leading non-gaming experiential operators, including Great Wolf Resorts, Cabot, Canyon Ranch and Chelsea Piers. VICI Properties also owns four championship golf courses and 34 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com.

The results of the trading session contributed to over 9853135 shares changing hands. Over the past one week, the price volatility of VICI Properties Inc. stands at 1.70% while the volatility over the past one month is 1.64%.

The market cap for VICI stock reached $33.92 billion, with 1.00 billion shares outstanding and 999.31 million shares in the current float. Compared to the average trading volume of 6.02M shares, VICI reached a trading volume of 9853135 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $38.28 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.

Raymond James have made an estimate for VICI Properties Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 09, 2023. The new note on the price target was released on December 14, 2022, representing the official price target for VICI Properties Inc. stock. Previously, the target price had yet another raise to $38, while JMP Securities analysts kept a Mkt Outperform rating on VICI stock.

The Average True Range (ATR) for VICI Properties Inc. is set at 0.61, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 13.04. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 0.21. Price to Free Cash Flow for VICI in the course of the last twelve months was 46.96.

How has VICI stock performed recently?

VICI Properties Inc. [VICI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.49. With this latest performance, VICI shares dropped by -1.02% in over the last four-week period, additionally plugging by 3.43% over the last 6 months – not to mention a rise of 18.43% 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 55.31, with the RSI for the last a single of trading hit 58.40, and the three-weeks RSI is set at 54.43 for VICI Properties Inc. [VICI]. The present Moving Average for the last 50 days of trading for this stock 33.46, while it was recorded at 33.77 for the last single week of trading, and 32.40 for the last 200 days.

VICI Properties Inc. [VICI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and VICI Properties Inc. [VICI] shares currently have an operating margin of +61.90 and a Gross Margin at +99.01. VICI Properties Inc.’s Net Margin is presently recorded at +42.97.

Return on Equity for this stock inclined to 6.57, with Return on Assets sitting at 4.05.

Earnings analysis for VICI Properties Inc. [VICI]

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 7.10%.

Insider trade positions for VICI Properties Inc. [VICI]

There are presently around $33,392 million, or 98.60% of VICI stock, in the hands of institutional investors. The top three institutional holders of VICI stocks are: VANGUARD GROUP INC with ownership of 144,131,966, which is approximately 2.121% of the company’s market cap and around 0.42% of the total institutional ownership; BLACKROCK INC., holding 97,332,548 shares of the stock with an approximate value of $3.32 billion in VICI stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $2.54 billion in VICI stock with ownership of nearly -1.56% of the company’s market capitalization.

Positions in VICI Properties Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 437 institutional holders increased their position in VICI Properties Inc. [NYSE:VICI] by around 63,524,983 shares. Additionally, 271 investors decreased positions by around 61,383,851 shares, while 73 investors held positions by with 853,740,154 shares. The mentioned changes placed institutional holdings at 978,648,988 shares, according to the latest SEC report filing. VICI stock had 131 new institutional investments in for a total of 10,035,955 shares, while 42 institutional investors sold positions of 1,559,831 shares during the same period.


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