UPDATE: JPMorgan Starts VICI Properties Inc. (VICI) at Overweight

(updating comment)

JPMorgan analyst Anthony Paolone initiates coverage on VICI Properties Inc. (NYSE: VICI) with a Overweight rating and a price target of $30.00.

The analyst comments "We think VICI has strong earnings visibility coming out of its recent Eldorado-Caesars transaction, and its 100% rent collections thus far into the pandemic have provided a compelling validation of the business in a stress scenario. The company’s balance sheet is in good shape to continue driving growth into 2021 and beyond at a level that is above its net lease peers. An above-average dividend yield also helps make the stock attractive to us. We thus rate the shares Overweight."

For an analyst ratings summary and ratings history on VICI Properties Inc. click here. For more ratings news on VICI Properties Inc. click here.

Shares of VICI Properties Inc. closed at $26.05 yesterday.

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