JMP Securities analyst Mitch Germain raised the firm’s price target on VICI Properties (VICI) to $35 from $34 and keeps an Outperform rating on the shares. VICI’s Q3 results contained few surprises and management took measures to shore up the balance sheet, the analyst tells investors in a research note. The firm remains positive on the portfolio quality, durability of cash flows, liquidity and accretive investment strategy, and shares trade in line with broader net-lease REITs, the firm says.
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Read More on VICI:
- VICI Properties Announces Strong Q3 2024 Financial Performance
- VICI Properties reports Q3 AFFO 57c, consensus 56c
- VICI Properties raises FY24 AFFO view to $2.25-$2.26 from $2.24-$2.26
- VICI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- VICI Properties assumed with an Overweight at Wells Fargo
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