VICI Properties (NYSE:VICI) Sees Strong Trading Volume – Here’s Why

VICI Properties Inc. (NYSE:VICI) saw unusually-strong trading volume on Tuesday . 9,396,590 shares were traded during 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

A number of equities research analysts have recently commented on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research report on Friday. Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Scotiabank cut their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Finally, Barclays decreased their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.54.

VICI Properties Stock Performance

The stock has a 50-day moving average of $27.06 and a 200 day moving average of $28.04. The stock has a market cap of $29.26 billion, a PE ratio of 10.31 and a beta of 0.65. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after buying an additional 734,068 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in VICI Properties by 24.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after acquiring an additional 1,406,897 shares in the last quarter. Wilsey Asset Management Inc. raised its position in VICI Properties by 6.4% during the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock worth $30,092,000 after acquiring an additional 65,853 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of VICI Properties by 26.1% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 725,000 shares of the company’s stock valued at $20,424,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of VICI Properties by 19.4% in the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock valued at $7,161,000 after purchasing an additional 42,662 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.