In a report issued on June 27, Carlo Santarelli from Deutsche Bank maintained a Buy rating on VICI Properties Inc (VICI), with a price target of $27. The company’s shares closed on Friday at $22.04.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.7% and a 61.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for VICI Properties Inc with a $27 average price target, which is a 22.5% upside from current levels. In a report issued on June 18, Ladenburg Thalmann & Co. also reiterated a Buy rating on the stock with a $26 price target.
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VICI Properties Inc’s market cap is currently $9.06B and has a P/E ratio of 14.97. The company has a Price to Book ratio of 1.30.
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VICI Properties, Inc. is an experiential real estate investment trust that owns one of the portfolios of market gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. Its national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to Caesars Entertainment Corp. and Penn National Gaming, two industry gaming and hospitality operators. It also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. The company was founded on July 5, 2016 and is headquartered in New York, NY.
