Wells Fargo Sticks to Their Buy Rating for VICI Properties (VICI)

In a report released today, James Feldman from Wells Fargo maintained a Buy rating on VICI Properties (VICI – Research Report), with a price target of $36.00. The company’s shares closed yesterday at $33.31.

Feldman covers the Real Estate sector, focusing on stocks such as Agree Realty, National Retail Properties, and Essential Properties Realty. According to TipRanks, Feldman has an average return of 6.0% and a 67.68% success rate on recommended stocks.

VICI Properties has an analyst consensus of Strong Buy, with a price target consensus of $34.58, which is a 3.81% upside from current levels. In a report released on September 16, Evercore ISI also maintained a Buy rating on the stock with a $37.00 price target.

VICI market cap is currently $34.88B and has a P/E ratio of 13.08.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VICI in relation to earlier this year. Last month, Gabriel Wasserman, the CAO of VICI sold 12,500.00 shares for a total of $420,125.00.

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VICI Properties (VICI) Company Description:

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.