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

VICI Properties Inc. (NYSE:VICI) was the target of unusually large options trading on Tuesday. Investors bought 32,876 call options on the company. This is an increase of 2,593% compared to the average daily volume of 1,221 call options.

VICI Properties Stock Performance

Shares of VICI stock opened at $33.71 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties has a 52 week low of $26.63 and a 52 week high of $34.29. The company’s 50 day moving average price is $31.77 and its two-hundred day moving average price is $29.82. The company has a market capitalization of $35.17 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 5.28 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be given a $0.4325 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s payout ratio is currently 68.38%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On VICI Properties

A number of large investors have recently added to or reduced their stakes in VICI. Nomura Asset Management Co. Ltd. lifted its holdings in shares of VICI Properties by 3.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock valued at $49,100,000 after purchasing an additional 56,595 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in VICI Properties in the 4th quarter valued at approximately $2,400,000. SG Americas Securities LLC lifted its stake in VICI Properties by 671.3% in the 1st quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after acquiring an additional 627,979 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after acquiring an additional 246,983 shares during the last quarter. Finally, Bayesian Capital Management LP grew its stake in shares of VICI Properties by 36.5% during the 4th quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock worth $5,900,000 after acquiring an additional 49,500 shares in the last quarter. Institutional investors 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.