VICI Properties Inc. (NYSE:VICI) Short Interest Up 49.8% in January

VICI Properties Inc. (NYSE:VICI) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 38,990,000 shares, an increase of 49.8% from the January 15th total of 26,030,000 shares. Based on an average daily trading volume, of 5,770,000 shares, the short-interest ratio is currently 6.8 days.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent research reports. Barclays decreased their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Truist Financial decreased their price objective on shares of 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 seven have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Down 0.1 %

VICI stock opened at $30.39 on Friday. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $32.04 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 3.80 and a beta of 0.95. The firm has a 50-day moving average of $29.66 and a two-hundred day moving average of $31.45.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Institutional Investors Weigh In On VICI Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in VICI Properties during the fourth quarter worth about $419,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in VICI Properties by 599.3% in the 3rd 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 purchasing an additional 7,658,819 shares during the last quarter. Northern Trust Corp raised its position 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 purchasing an additional 3,298,314 shares during the period. Capital World Investors lifted its stake in VICI Properties by 11.4% during the fourth 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 in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.