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

VICI Properties Inc. (NYSE:VICI) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 32,876 call options on the stock. This represents an increase of 2,593% compared to the average daily volume of 1,221 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

VICI Properties Price Performance

Shares of NYSE VICI opened at $33.06 on Thursday. VICI Properties has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The company has a market cap of $34.62 billion, a PE ratio of 13.07, a P/E/G ratio of 5.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The business has a 50-day simple moving average of $31.99 and a two-hundred day simple moving average of $29.87.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 65.61%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in shares of VICI Properties by 3.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock valued at $49,100,000 after acquiring an additional 56,595 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of VICI Properties in the fourth quarter valued at about $2,400,000. SG Americas Securities LLC raised its stake in shares of VICI Properties by 671.3% in the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after purchasing an additional 627,979 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of VICI Properties by 15.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after purchasing an additional 246,983 shares during the period. Finally, Bayesian Capital Management LP boosted its position in VICI Properties by 36.5% in the fourth quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock valued at $5,900,000 after buying an additional 49,500 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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.