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

VICI Properties Inc (NYSE:VICI) saw some unusual options trading on Tuesday. Stock traders bought 6,290 call options on the stock. This is an increase of 3,061% compared to the average daily volume of 199 call options.

Several large investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in VICI Properties by 75.4% in the fourth quarter. Advisors Asset Management Inc. now owns 1,447 shares of the company’s stock worth $27,000 after purchasing an additional 622 shares during the period. Advisor Group Inc. raised its position in VICI Properties by 26.4% in the fourth quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock worth $64,000 after acquiring an additional 716 shares during the period. Public Employees Retirement Association of Colorado raised its position in VICI Properties by 6.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 14,630 shares of the company’s stock worth $275,000 after acquiring an additional 941 shares during the period. Pearl River Capital LLC raised its position in VICI Properties by 226.1% in the first quarter. Pearl River Capital LLC now owns 1,800 shares of the company’s stock worth $40,000 after acquiring an additional 1,248 shares during the period. Finally, Keeley Teton Advisors LLC raised its position in shares of VICI Properties by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 215,446 shares of the company’s stock valued at $4,714,000 after purchasing an additional 1,278 shares during the period. 92.58% of the stock is owned by hedge funds and other institutional investors.

VICI has been the topic of several analyst reports. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 target price on shares of Wynn Resorts in a report on Wednesday, March 20th. Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. Evercore ISI raised Cerner from an “underperform” rating to an “in-line” rating and set a $64.00 price target on the stock in a research report on Tuesday, April 9th. Jefferies Financial Group downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $15.00 in a research report on Wednesday, April 24th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $85.00 price target on shares of Carvana in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.96.

NYSE:VICI traded up $0.10 during midday trading on Thursday, hitting $21.99. The company had a trading volume of 3,668,940 shares, compared to its average volume of 3,822,864. The company has a debt-to-equity ratio of 0.59, a current ratio of 87.48 and a quick ratio of 87.48. The firm has a market cap of $10.25 billion, a P/E ratio of 15.38, a PEG ratio of 1.64 and a beta of 0.87. The stock has a fifty day simple moving average of $22.32. VICI Properties has a 52-week low of $17.64 and a 52-week high of $23.27.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $214.00 million during the quarter, compared to the consensus estimate of $223.11 million. VICI Properties had a net margin of 62.92% and a return on equity of 8.54%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts predict that VICI Properties will post 1.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Thursday, June 27th. VICI Properties’s dividend payout ratio (DPR) is 80.42%.

VICI Properties Company Profile

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.

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