VICI Properties Inc. [VICI] Stock trading around $26.75 per share: What’s Next?


VICI Properties Inc. [NYSE: VICI] loss -1.65% or -0.45 points to close at $26.75 with a heavy trading volume of 10163575 shares. 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.

It opened the trading session at $27.57, the shares rose to $27.93 and dropped to $26.68, the range by which the price of stock traded the whole day. The daily chart for VICI points out that the company has recorded -15.72% loss over the past six months. However, it is still -9.14% lower than its most recent low trading price.

If we look at the average trading volume of 6.80M shares, VICI reached to a volume of 10163575 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 $36.77 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 0.69, with the Price to Sales ratio for VICI stock in the period of the last 12 months amounting to 11.53. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 1.04. Price to Free Cash Flow for VICI in the course of the last twelve months was 72.17.

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 -5.34. With this latest performance, VICI shares dropped by -9.44% in over the last four-week period, additionally sinking by -15.72% over the last 6 months – not to mention a rise of 4.82% 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 29.04, with the RSI for the last a single of trading hit 24.35, and the three-weeks RSI is set at 32.73 for VICI Properties Inc. [VICI]. The present Moving Average for the last 50 days of trading for this stock 29.27, while it was recorded at 27.67 for the last single week of trading, and 30.06 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

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

There are presently around $20,317 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 86,833,616, which is approximately 12.305% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 57,246,620 shares of the stock with an approximate value of $1.53 billion in VICI stocks shares; and BLACKROCK INC., currently with $1.5 billion in VICI stock with ownership of nearly 14.459% 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 373 institutional holders increased their position in VICI Properties Inc. [NYSE:VICI] by around 139,125,463 shares. Additionally, 135 investors decreased positions by around 24,549,283 shares, while 46 investors held positions by with 595,839,313 shares. The mentioned changes placed institutional holdings at 759,514,059 shares, according to the latest SEC report filing. VICI stock had 104 new institutional investments in for a total of 29,729,524 shares, while 46 institutional investors sold positions of 6,225,495 shares during the same period.