Scotiabank analyst Greg McGinniss raised the firm's price target on VICI Properties to $32 from $30 and keeps a Sector Perform rating on the shares. Q1 earnings in the net lease REIT space was characterized by increased AFFO and investment guidance across the firm's coverage, with many REITs issuing forward equity during/after the quarter to address funding needs for the year, the analyst tells investors in a research note.
