VICI Properties (NYSE:VICI) Sees Large Volume Increase – What’s Next?

Shares of VICI Properties Inc. (NYSE:VICI) saw unusually-strong trading volume on Thursday . Approximately 5,949,210 shares were traded during mid-day 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VICI shares. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.30.

VICI Properties Stock Down 1.9 %

The stock has a fifty day simple moving average of $30.09 and a two-hundred day simple moving average of $31.48. The firm has a market cap of $33.58 billion, a PE 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On VICI Properties

A number of hedge funds have recently made changes to their positions in VICI. Transce3nd LLC purchased a new stake in VICI Properties in the fourth quarter worth $28,000. CoreCap Advisors LLC increased its holdings in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC increased its stake in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in VICI Properties during the 4th quarter valued at $33,000. Finally, Quarry LP increased 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 buying an additional 897 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

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.