VICI Properties Target of Unusually Large Options Trading (NYSE:VICI)

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

Analyst Ratings Changes

Several equities research analysts have commented on VICI shares. Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Mizuho reduced their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Stifel Nicolaus raised their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Stock Down 0.5 %

Shares of VICI stock traded down $0.16 during trading on Wednesday, reaching $32.53. The company’s stock had a trading volume of 1,885,983 shares, compared to its average volume of 5,480,135. The company has a market cap of $34.36 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties has a one year low of $27.08 and a one year high of $34.29. The business has a fifty day moving average price of $30.64 and a 200-day moving average price of $31.45. The company has a quick ratio of 2.61, a current 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 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 return on equity of 10.24% and a net margin of 69.59%. Analysts anticipate that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Hedge Funds Weigh In On VICI Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Transce3nd LLC bought a new position in shares of VICI Properties in the 4th quarter valued at about $28,000. CoreCap Advisors LLC increased its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of VICI Properties by 64.1% in 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 last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the 4th quarter worth approximately $33,000. Finally, Quarry LP increased its holdings in shares of VICI Properties by 404.1% during 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 last quarter. 97.71% of the stock is owned by institutional investors.

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.