VICI Properties Inc. [VICI] Is Currently 0.97 below its 200 Period Moving Avg: What Dose This Mean?

VICI Properties Inc. [NYSE: VICI] gained 0.97% or 0.23 points to close at $23.87 with a heavy trading volume of 2412407 shares. The company report on October 9, 2020 that VICI Properties Announces Release Date for Third Quarter 2020 Results.

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that it will release its third quarter 2020 financial results on Wednesday, October 28, 2020 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, October 29, 2020 at 10:00 a.m. Eastern Time (ET).

Conference Call and Webcast.

It opened the trading session at $23.83, the shares rose to $23.91 and dropped to $23.59, the range by which the price of stock traded the whole day. The daily chart for VICI points out that the company has recorded 40.58% gains over the past six months. However, it is still -142.34% lower than its most recent low trading price.

If we look at the average trading volume of 4.71M shares, VICI reached to a volume of 2412407 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about VICI Properties Inc. [VICI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VICI shares is $26.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VICI stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for VICI Properties Inc. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on July 01, 2020. The new note on the price target was released on June 24, 2020, representing the official price target for VICI Properties Inc. stock. Previously, the target price had yet another raise to $32, while Wells Fargo analysts kept a Overweight rating on VICI stock. On December 12, 2019, analysts increased their price target for VICI shares from 26 to 28.

The Average True Range (ATR) for VICI Properties Inc. is set at 0.75, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 13.30. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 3.10.

Trading performance analysis for VICI stock

VICI Properties Inc. [VICI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.57. With this latest performance, VICI shares dropped by -0.79% in over the last four-week period, additionally plugging by 40.58% over the last 6 months – not to mention a rise of 4.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VICI stock in for the last two-week period is set at 51.92, with the RSI for the last a single of trading hit 52.06, and the three-weeks RSI is set at 53.21 for VICI Properties Inc. [VICI]. The present Moving Average for the last 50 days of trading for this stock 23.39, while it was recorded at 23.82 for the last single week of trading, and 21.54 for the last 200 days.

VICI Properties Inc. [VICI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and VICI Properties Inc. [VICI] shares currently have an operating margin of +66.40 and a Gross Margin at +97.46. VICI Properties Inc.’s Net Margin is presently recorded at +61.02.

Return on Total Capital for VICI is now 4.97, given the latest momentum, and Return on Invested Capital for the company is 4.60. Return on Equity for this stock inclined to 7.39, with Return on Assets sitting at 4.44. When it comes to the capital structure of this company, VICI Properties Inc. [VICI] has a Total Debt to Total Equity ratio set at 60.49. Additionally, VICI Total Debt to Total Capital is recorded at 37.69, with Total Debt to Total Assets ending up at 36.32. Long-Term Debt to Equity for the company is recorded at 60.49, with the Long-Term Debt to Total Capital now at 37.69.

Reflecting on the efficiency of the workforce at the company, VICI Properties Inc. [VICI] managed to generate an average of $3,899,743 per employee. Receivables Turnover for the company is 28.99 with a Total Asset Turnover recorded at a value of 0.07.

VICI Properties Inc. [VICI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, VICI Properties Inc. posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.33/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VICI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for VICI Properties Inc. go to 9.30%.

An analysis of insider ownership at VICI Properties Inc. [VICI]

There are presently around $14,042 million, in the hands of institutional investors. The top three institutional holders of VICI stocks are: COHEN & STEERS, INC. with ownership of 59,611,910, which is approximately -2.092% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 58,319,238 shares of the stock with an approximate value of $1.39 billion in VICI stocks shares; and BLACKROCK INC., currently with $963.28 million in VICI stock with ownership of nearly -1.064% of the company’s market capitalization.

Positions in VICI Properties Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 213 institutional holders increased their position in VICI Properties Inc. [NYSE:VICI] by around 95,702,175 shares. Additionally, 160 investors decreased positions by around 61,418,789 shares, while 14 investors held positions by with 431,155,199 shares. The mentioned changes placed institutional holdings at 588,276,163 shares, according to the latest SEC report filing. VICI stock had 79 new institutional investments in for a total of 16,775,436 shares, while 47 institutional investors sold positions of 7,670,432 shares during the same period.

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