Stifel lowered the firm’s price target on VICI Properties to $35 from $36.50 and keeps a Buy rating on the shares. Lower equity prices, coupled with much higher bond yields, have resulted in impaired costs of capital for most names in the triple-net REIT group, but the firm believes that within the group, VICI can “buck the trend as it has positioned itself for above-average growth in 2024,” the analyst tells investors.
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