VICI Properties Inc. (NYSE:VICI) Short Interest Update

Key Points

• VICI Properties Inc. saw a significant increase in short interest, rising by 341.3% to a total of 31,510,000 shares as of July 15th.
• The company reported $1 billion in revenue for the last quarter, exceeding analyst expectations, and earnings per share (EPS) of $0.60.
• VICI Properties announced a quarterly dividend of $0.4325 per share, resulting in an annual yield of 5.2%.

VICI Properties Inc. (NYSE:VICI - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 31,510,000 shares, agrowthof341.3% from the June 30th total of 7,140,000 shares. Based on an average daily trading volume, of 5,900,000 shares, the days-to-cover ratio is presently 5.3 days. Based on an average daily trading volume, of 5,900,000 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Investors Weigh In On VICI Properties

Institutional investors have recently bought and sold shares of the stock. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties in the first quarter worth approximately $29,000. Transce3nd LLC acquired a new stake in shares of VICI Properties in the fourth quarter worth $28,000. Hoey Investments Inc. bought a new stake in VICI Properties during the 2nd quarter worth about $33,000. AdvisorNet Financial Inc boosted its stake in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after purchasing an additional 786 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI Properties stock opened at $33.10 on Friday. The company has a market capitalization of $34.98 billion, a PE ratio of 12.68, a P/E/G ratio of 4.29 and a beta of 0.68. The company has a 50 day moving average price of $32.57 and a 200-day moving average price of $31.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 1.74. VICI Properties has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties's payout ratio is presently 66.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley lifted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus target price of $35.40.

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.

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