VICI Properties Sees Unusually High Options Volume (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) was the target of some unusual options trading on Wednesday. Stock investors purchased 8,913 call options on the company. This represents an increase of 381% compared to the average volume of 1,853 call options.

VICI Properties Price Performance

VICI Properties stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market cap of $33.80 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The firm has a 50-day moving average of $30.77 and a two-hundred day moving average of $31.46. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results 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 firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, research analysts forecast that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

Institutional Trading of VICI Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Transce3nd LLC purchased a new position in VICI Properties during the 4th quarter valued at about $28,000. CoreCap Advisors LLC boosted its stake 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 purchasing an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in VICI Properties in the fourth quarter worth approximately $33,000. Finally, Quarry LP lifted its holdings in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after buying an additional 897 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VICI shares. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. 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 note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

About VICI Properties

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.