Check out these key findings about VICI Properties Inc. (VICI)

VICI Properties Inc. (NYSE: VICI) stock fell -2.91% on Friday to $32.02 against a previous-day closing price of $32.98. With 5.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.15 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $32.99 whereas the lowest price it dropped to was $32.01. The 52-week range on VICI shows that it touched its highest point at $35.69 and its lowest point at $26.23 during that stretch. It currently has a 1-year price target of $37.88. With its current market cap of 30.55 billion, VICI has annualized dividend of $1.56 while the current yield stands at 4.87%. Beta for the stock currently stands at 1.01.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VICI was down-trending over the past week, with a drop of -3.61%, but this was down by -5.63% over a month. Three-month performance surged to 9.36% while six-month performance rose 15.97%. The stock gained 9.21% in the past year, while it has gained 6.34% so far this year. A look at the trailing 12-month EPS for VICI yields 1.01 with Next year EPS estimates of 2.24. For the next quarter, that number is 0.55. This implies an EPS growth rate of 0.70% for this year and 37.16% for next year. EPS is expected to grow by 7.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.87%.

Float and Shares Shorts:

At present, 963.09 million VICI shares are outstanding with a float of 959.25 million shares on hand for trading. On Aug 30, 2022, short shares totaled 42.44 million, which was 4.41% higher than short shares on Jul 28, 2022. In addition to Mr. Edward Baltazar Pitoniak as the firm’s CEO & Director, Mr. John W. R. Payne serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 82.13% of VICI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.78% of VICI, in contrast to 41.05% held by mutual funds. Shares owned by individuals account for 0.20%. As the largest shareholder in VICI with 14.11% of the stake, The Vanguard Group, Inc. holds 135,927,274 shares worth 135,927,274. A second-largest stockholder of VICI, Capital Research & Management Co, holds 79,789,928 shares, controlling over 8.29% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VICI, holding 61,714,599 shares or 6.41% stake. With a 6.12% stake in VICI, the Capital Income Builder is the largest stakeholder. A total of 58,899,370 shares are owned by the mutual fund manager. The American Funds Income Fund of Ame, which owns about 4.58% of VICI stock, is the second-largest Mutual Fund holder. It holds 44,135,717 shares valued at 1.46 billion. Vanguard Real Estate Index Fund holds 4.02% of the stake in VICI, owning 38,751,120 shares worth 1.28 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VICI since 19 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VICI analysts setting a high price target of $46.00 and a low target of $31.00, the average target price over the next 12 months is $37.88. Based on these targets, VICI could surge 43.66% to reach the target high and fall by -3.19% to reach the target low. Reaching the average price target will result in a growth of 18.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VICI will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $2.15 being high and $1.34 being low. For VICI, this leads to a yearly average estimate of $1.53. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. VICI Properties Inc. surprised analysts by -$0.57 when it reported -$0.06 EPS against a consensus estimate of $0.51. The surprise factor in the prior quarter was -$0.09. Based on analyst estimates, the high estimate for the next quarter is $0.59 and the low estimate is $0.51. The average estimate for the next quarter is thus $0.56.

Summary of Insider Activity:

Insiders traded VICI stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 2,439 shares were bought while 0 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 325,197 while 54,684 shares were sold.

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