VICI Properties (NYSE:VICI) Sees Large Volume Increase – Here’s What Happened

VICI Properties Inc. (NYSE:VICI) shares saw an uptick in trading volume on Thursday . 5,949,210 shares were traded during trading, an increase of 10% from the previous session’s volume of 5,412,677 shares.The stock last traded at $31.95 and had previously closed at $32.40.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent research reports. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Mizuho decreased their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.30.

VICI Properties Price Performance

The business has a 50-day moving average of $30.09 and a 200 day moving average of $31.48. The firm has a market capitalization of $33.58 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Stephens Inc. AR grew its holdings in shares of VICI Properties by 18.8% in the third quarter. Stephens Inc. AR now owns 15,228 shares of the company’s stock valued at $507,000 after acquiring an additional 2,405 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of VICI Properties by 50.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,708 shares of the company’s stock worth $323,000 after purchasing an additional 3,268 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties in the 3rd quarter worth about $67,000. Robeco Institutional Asset Management B.V. grew its position in VICI Properties by 10.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 754,437 shares of the company’s stock valued at $25,130,000 after buying an additional 68,838 shares during the period. Finally, National Pension Service increased its holdings in VICI Properties by 14.5% during the third quarter. National Pension Service now owns 2,025,737 shares of the company’s stock worth $67,477,000 after buying an additional 257,000 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.