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

VICI Properties Inc. (NYSE:VICI) was the recipient of unusually large options trading on Monday. Stock traders acquired 2,777 put options on the company. This is an increase of approximately 50% compared to the typical volume of 1,856 put options.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in VICI Properties during the 2nd quarter valued at $26,000. Parvin Asset Management LLC bought a new position in VICI Properties during the second quarter valued at $27,000. Hantz Financial Services Inc. raised its stake in shares of VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after acquiring an additional 724 shares during the period. Evolution Wealth Management Inc. bought a new stake in shares of VICI Properties in the 4th quarter worth about $28,000. Finally, Headlands Technologies LLC purchased a new position in shares of VICI Properties during the 2nd quarter worth about $28,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VICI. Evercore reissued an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Mizuho lowered their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. The Goldman Sachs Group cut their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $36.00 to $30.00 in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Trading Up 0.1%

Shares of VICI opened at $30.26 on Wednesday. The stock has a market capitalization of $32.35 billion, a PE ratio of 11.55, a P/E/G ratio of 3.01 and a beta of 0.70. The company’s fifty day moving average is $28.53 and its 200 day moving average is $30.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.