why VICI Properties Inc. [VICI] is a Good Choice for Investors After New Price Target of $36.77

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VICI Properties Inc. [NYSE: VICI] price surged by 0.76 percent to reach at $0.22. The company report on November 1, 2021 that Caesars Entertainment and VICI Properties Complete Sale of Harrah’s Louisiana Downs.

Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) announced they have completed the previously disclosed transaction to sell Harrah’s Louisiana Downs Casino, Racing & Entertainment (“Harrah’s Louisiana Downs”) to Rubico Acquisition Corp. for $22.0 million. The proceeds of the transaction were split $5.5 million to VICI and $16.5 million to Caesars subject to customary adjustments for cash and net working capital. The annual base rent payments under the Regional Master Lease between Caesars and VICI will remain unchanged.


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About Caesars Entertainment.

A sum of 7372472 shares traded at recent session while its average daily volume was at 6.31M shares. VICI Properties Inc. shares reached a high of $29.17 and dropped to a low of $28.78 until finishing in the latest session at $29.14.

The one-year VICI stock forecast points to a potential upside of 20.75. The average equity rating for VICI stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $36.77 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.

KeyBanc Capital Markets have made an estimate for VICI Properties Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 06, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on June 15, 2021, representing the official price target for VICI Properties Inc. stock. On May 03, 2021, analysts increased their price target for VICI shares from 28 to 33.

The Average True Range (ATR) for VICI Properties Inc. is set at 0.53, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 11.98. The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for VICI in the course of the last twelve months was 75.00.

VICI Stock Performance Analysis:

VICI Properties Inc. [VICI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.07. With this latest performance, VICI shares dropped by -2.54% in over the last four-week period, additionally sinking by -5.60% over the last 6 months – not to mention a rise of 14.72% 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 43.28, with the RSI for the last a single of trading hit 41.38, and the three-weeks RSI is set at 44.54 for VICI Properties Inc. [VICI]. The present Moving Average for the last 50 days of trading for this stock 29.78, while it was recorded at 29.33 for the last single week of trading, and 29.95 for the last 200 days.

Insight into VICI Properties Inc. Fundamentals:

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 Stock EPS

With the latest financial reports released by the company, VICI Properties Inc. posted 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.40%. 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%.

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VICI Properties Inc. [VICI] Insider Position Details

There are presently around $19,308 million, or 91.69% of VICI stock, 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; BLACKROCK INC., holding 56,056,229 shares of the stock with an approximate value of $1.63 billion in VICI stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.56 billion in VICI stock with ownership of nearly 24.088% of the company’s market capitalization.

Positions in VICI Properties Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 298 institutional holders increased their position in VICI Properties Inc. [NYSE:VICI] by around 82,763,981 shares. Additionally, 184 investors decreased positions by around 56,816,210 shares, while 44 investors held positions by with 523,016,582 shares. The mentioned changes placed institutional holdings at 662,596,773 shares, according to the latest SEC report filing. VICI stock had 75 new institutional investments in for a total of 3,326,722 shares, while 55 institutional investors sold positions of 8,608,823 shares during the same period.

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