Fintel reports that on January 10, 2025, Barclays initiated coverage of VICI Properties (NYSE:VICI) with a Overweight recommendation.
Analyst Price Forecast Suggests 29.26% Upside
As of December 23, 2024, the average one-year price target for VICI Properties is $36.46/share. The forecasts range from a low of $32.32 to a high of $45.15. The average price target represents an increase of 29.26% from its latest reported closing price of $28.21 / share.
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The projected annual revenue for VICI Properties is 3,550MM, a decrease of 6.70%. The projected annual non-GAAP EPS is 3.72.
What is the Fund Sentiment?
There are 1,795 funds or institutions reporting positions in VICI Properties. This is an increase of 38 owner(s) or 2.16% in the last quarter. Average portfolio weight of all funds dedicated to VICI is 0.43%, an increase of 1.19%. Total shares owned by institutions increased in the last three months by 4.81% to 1,301,771K shares. 
The put/call ratio of VICI is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 68,025K shares representing 6.45% ownership of the company. In its prior filing, the firm reported owning 65,048K shares , representing an increase of 4.38%. The firm increased its portfolio allocation in VICI by 13.40% over the last quarter.
CAIBX - CAPITAL INCOME BUILDER holds 53,650K shares representing 5.09% ownership of the company. In its prior filing, the firm reported owning 49,624K shares , representing an increase of 7.50%. The firm increased its portfolio allocation in VICI by 8.98% over the last quarter.
Capital Research Global Investors holds 53,527K shares representing 5.08% ownership of the company. In its prior filing, the firm reported owning 45,249K shares , representing an increase of 15.47%. The firm increased its portfolio allocation in VICI by 30.32% over the last quarter.
Cohen & Steers holds 50,101K shares representing 4.75% ownership of the company. In its prior filing, the firm reported owning 50,309K shares , representing a decrease of 0.41%. The firm decreased its portfolio allocation in VICI by 1.69% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 37,688K shares representing 3.58% ownership of the company. In its prior filing, the firm reported owning 38,362K shares , representing a decrease of 1.79%. The firm decreased its portfolio allocation in VICI by 3.46% over the last quarter.
VICI Properties Background Information
(This description is provided by the company.)
VICI Properties Inc. 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 28 gaming facilities comprising over 47 million square feet and features approximately 17,800 hotel rooms and more than 200 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., Hard Rock International Inc., JACK Entertainment LLC and Penn National Gaming, Inc. VICI Properties also has an investment in the Chelsea Piers, New York facility and owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.
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