VICI Properties (NYSE:VICI) Sees Large Volume Increase – Here’s Why

VICI Properties Inc. (NYSE:VICI) saw unusually-strong trading volume on Tuesday . Approximately 9,396,590 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 9,468,793 shares.The stock last traded at $26.6040 and had previously closed at $26.54.

Analyst Ratings Changes

VICI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research report on Friday, July 31st. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Robert W. Baird set a $32.00 target price on VICI Properties in a report on Thursday, July 30th. Finally, Wells Fargo & Company reduced their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.54.

VICI Properties Stock Performance

The firm’s fifty day moving average is $26.97 and its 200-day moving average is $28.02. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $29.08 billion, a PE ratio of 10.24 and a beta of 0.65.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s dividend payout ratio (DPR) is 69.77%.

Institutional Investors Weigh In On VICI Properties

Large investors have recently modified their holdings of the company. Wealth Advisory Solutions LLC acquired a new position in shares of VICI Properties during the 2nd quarter worth about $209,000. Bogart Wealth LLC lifted its stake in VICI Properties by 27.5% in the second quarter. Bogart Wealth LLC now owns 338,244 shares of the company’s stock valued at $8,980,000 after buying an additional 73,025 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of VICI Properties by 13.6% in the second quarter. D.A. Davidson & CO. now owns 127,597 shares of the company’s stock valued at $3,388,000 after acquiring an additional 15,303 shares during the period. Signaturefd LLC increased its holdings in shares of VICI Properties by 24.1% in the 2nd quarter. Signaturefd LLC now owns 22,929 shares of the company’s stock valued at $609,000 after acquiring an additional 4,450 shares during the period. Finally, Griffin Asset Management Inc. boosted its stake in VICI Properties by 19.3% during the 2nd quarter. Griffin Asset Management Inc. now owns 22,320 shares of the company’s stock worth $593,000 after purchasing an additional 3,616 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.