Investors Purchase Large Volume of Call Options on VICI Properties (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI - Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 8,913 call options on the company. This represents an increase of approximately 381% compared to the typical volume of 1,853 call options.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent analyst reports. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.

VICI Properties Trading Down 1.6 %

VICI stock traded down $0.51 during mid-day trading on Friday, reaching $31.51. 14,680,524 shares of the stock traded hands, compared to its average volume of 5,545,743. The stock's fifty day moving average is $30.84 and its 200-day moving average is $31.41. The company has a market cap of $33.28 billion, a P/E ratio of 12.31, a P/E/G 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 has a 52-week low of $27.08 and a 52-week high of $34.29.

Remove Ads

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, sell-side analysts expect that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. VICI Properties's payout ratio is presently 67.58%.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. Transce3nd LLC purchased a new position in VICI Properties during the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC grew its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the fourth quarter valued at approximately $33,000. Finally, Quarry LP raised its holdings in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares during the period. 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.