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

VICI Properties Inc. (NYSE:VICI) was the target of some unusual options trading activity on Wednesday. Stock traders bought 8,913 call options on the stock. This is an increase of 381% compared to the average daily volume of 1,853 call options.

VICI Properties Stock Down 1.2 %

VICI Properties stock opened at $32.00 on Friday. The business’s 50-day simple moving average is $30.77 and its two-hundred day simple moving average is $31.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market cap of $33.80 billion, a PE ratio of 12.50, a PEG ratio of 3.88 and a beta of 0.94. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Equities analysts anticipate that VICI Properties will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.41%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of VICI Properties during the 4th quarter valued at about $419,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in VICI Properties by 599.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. Northern Trust Corp lifted its holdings in VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company’s stock valued at $354,512,000 after acquiring an additional 3,298,314 shares during the period. Mackenzie Financial Corp boosted its position in VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company’s stock worth $98,982,000 after purchasing an additional 3,255,078 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after purchasing an additional 2,903,744 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VICI shares. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Barclays increased their price objective on 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 boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Three equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.20.

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.