VICI Properties Inc. [NYSE: VICI] gained 0.74% on the last trading session, reaching $29.95 price per share at the time. The company report on September 14, 2021 that VICI Properties Inc. Announces Commencement of Exchange Offers and Consent Solicitations.
VICI Properties Inc. (NYSE: VICI) (the “Company”) announced that its wholly owned subsidiaries, VICI Properties L.P., a Delaware limited partnership (“VICI LP”), and VICI Note Co. Inc., a Delaware corporation (the “VICI Co-Issuer” and, together with VICI LP, the “VICI Issuers”), commenced private exchange offers to certain eligible holders (collectively, the “Exchange Offers”) for any and all outstanding:.
5.625% Senior Notes due May 1, 2024 issued by MGM Growth Properties Operating Partnership LP (the “MGP OP”) and MGP Finance Co-Issuer, Inc. (the “MGP Co-Issuer” and, together with the MGP OP, the “MGP Issuers”) (the “2024 MGP Notes”) for up to an aggregate principal amount of $1,050,000,000 of new 5.625% Senior Notes due May 1, 2024 issued by the VICI Issuers (the “2024 Exchange Notes”);.
VICI Properties Inc. represents 536.69 million in outstanding shares, while the company has a total market value of $16.17 billion with the latest information. VICI stock price has been found in the range of $29.74 to $30.24.
If compared to the average trading volume of 5.23M shares, VICI reached a trading volume of 11649223 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 $36.47 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 1.60. 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.
Wolfe Research have made an estimate for VICI Properties Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 15, 2021. The new note on the price target was released on May 05, 2021, representing the official price target for VICI Properties Inc. stock. Previously, the target price had yet another raise from $28 to $33, while Morgan Stanley kept a Equal-Weight rating on VICI stock.
The Average True Range (ATR) for VICI Properties Inc. is set at 0.66, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 11.05. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 0.75.
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 -6.49. With this latest performance, VICI shares dropped by -0.89% in over the last four-week period, additionally plugging by 3.78% over the last 6 months – not to mention a rise of 24.48% 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 43.52, with the RSI for the last a single of trading hit 40.50, and the three-weeks RSI is set at 44.96 for VICI Properties Inc. [VICI]. The present Moving Average for the last 50 days of trading for this stock 30.72, while it was recorded at 30.58 for the last single week of trading, and 29.09 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 +73.68 and a Gross Margin at +98.26. VICI Properties Inc.’s Net Margin is presently recorded at +72.76.
Return on Total Capital for VICI is now 6.21, given the latest momentum, and Return on Invested Capital for the company is 6.16. Return on Equity for this stock inclined to 10.26, with Return on Assets sitting at 5.88. When it comes to the capital structure of this company, VICI Properties Inc. [VICI] has a Total Debt to Total Equity ratio set at 71.85. Additionally, VICI Total Debt to Total Capital is recorded at 41.81, with Total Debt to Total Assets ending up at 39.65. Long-Term Debt to Equity for the company is recorded at 71.85, with the Long-Term Debt to Total Capital now at 41.81.
Reflecting on the efficiency of the workforce at the company, VICI Properties Inc. [VICI] managed to generate an average of $6,065,810 per employee. Receivables Turnover for the company is 7.08 with a Total Asset Turnover recorded at a value of 0.08.
VICI Properties Inc. [VICI]: An earnings per share (EPS) analysis
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 7.20%.
An analysis of insider ownership at VICI Properties Inc. [VICI]
There are presently around $19,238 million, in the hands of institutional investors. The top three institutional holders of VICI stocks are: VANGUARD GROUP INC with ownership of 77,319,700, which is approximately 1.206% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 53,431,425 shares of the stock with an approximate value of $1.6 billion in VICI stocks shares; and BLACKROCK INC., currently with $1.47 billion in VICI stock with ownership of nearly -0.078% 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 261 institutional holders increased their position in VICI Properties Inc. [NYSE:VICI] by around 60,970,404 shares. Additionally, 213 investors decreased positions by around 59,834,432 shares, while 37 investors held positions by with 521,522,188 shares. The mentioned changes placed institutional holdings at 642,327,024 shares, according to the latest SEC report filing. VICI stock had 81 new institutional investments in for a total of 6,495,396 shares, while 54 institutional investors sold positions of 9,313,368 shares during the same period.