Raymond James Keeps a Buy Rating on VICI Properties (VICI)

Raymond James analyst RJ Milligan reiterated a Buy rating on VICI Properties (VICI) yesterday. The company’s shares closed last Thursday at $31.76, close to its 52-week high of $31.88.

According to TipRanks.com, Milligan is a 4-star analyst with an average return of 13.9% and a 71.6% success rate. Milligan covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, Retail Opportunity Investments, and Essential Properties Realty.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for VICI Properties with a $31.94 average price target, implying a 0.8% upside from current levels. In a report issued on April 26, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $33.50 price target.

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Based on VICI Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $373 million and net profit of $288 million. In comparison, last year the company earned revenue of $238 million and had a net profit of $98.63 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VICI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

VICI Properties, Inc. owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property. The Golf Course Business segment consists of four golf courses. The company was founded on July 5, 2016 and is headquartered in New York, NY.

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