VICI Properties, a prominent name in the REIT market, has seen mixed action recently, with Barclays initiating coverage with an 'Overweight' rating while Wedbush lowered their rating to 'Hold', then upgraded it to 'Outperform'. Q4 and full-year 2024 earnings release is planned for February 20. Despite some market underperformance and a recent 11.5% three-month decline, VICI still attracts investors who believe in its growth prospects. The company's stock price target was decreased to $30.00 by Mizuho and DSM Netherlands pared their stake. Amid market uncertainty, VICI showcased resilience and remains a considered buy for its almost 6% dividend yield. The company surpassed revenue and EPS estimates, with its stock believed to be the most undervalued hotel and experiential REIT. The gaming REIT faces growth opportunities per its SWOT analysis. The company completed a $750M senior notes offering to refinance 2025 debt and managed to exceed Q3 FFO and revenue estimates. The firm received an upgrade in its credit rating to Baa3 by Moody's and continues maintaining a strong quarterly dividend. Moving forward, opportunities lie for the company as the market expects a robust financial outlook based on strong Q3 results.
Vici Properties VICI News Analytics from Sun, 02 Jun 2024 07:00:00 GMT to Sat, 11 Jan 2025 12:41:13 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -5
