KeyBanc Capital Markets upgraded VICI Properties (NYSE:VICI) to an Obese score from Sector Weight, whereas pushing Gaming and Leisure Properties (NASDAQ:GLPI) all the way down to a Sector Weight score from Obese.
Analyst Todd Thomas and crew see potential for an enhancing inner development outlook for VICI materializing amid the upper inflationary backdrop and pointed to the potential for a better stage of accretive funding exercise. These elements are seen serving to push 2023 and 2024 estimates greater on VICI and create a efficiency hole with GLPI and different actual property REITS.
A key level to observe within the on line casino sector is the extent inflation moderates and if it comes forward of the respective measurement intervals for varied leases, together with the regional on line casino and Las Vegas leases.
Shares of VICI gained 1.27% premarket to $34.19, whereas GLPI peeled off 1.02%.
Examine development, profitability, and valuation metrics on VICI and GLPI.