VICI Properties Inc. (NYSE:VICI) does about 6.41M shares in volume on a normal day but saw 4471997 shares change hands in Monday trading. The company now has a market cap of 34.37B USD. Its current market price is $33.64, marking an increase of 0.18% compared to the previous close of $33.58. The 52 week high reached by this stock is $35.69 whilst the lowest price level in 52 weeks is $26.23. The script in recent trading has seen the stock touch a high of $33.93 and a low of $33.45.
VICI Properties Inc. (VICI) has a 20-day trading average at $32.67 and the current price is -5.74% off the 52-week high compared with 28.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $32.95 and its 200-day simple moving average is $31.69. If we look at the stock’s price movements over the week, volatility stands at 2.32%, which decreases to 2.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.21 to suggest the stock is neutral.
The consensus objective for the share price is $37.88, suggesting that the stock has a potential upside of 11.19% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 09, 2023 when Raymond James downgraded the stock to “Outperform” and issued a price target of between $38 and $36. JMP Securities initiated its price target at $38.
The current price level is 3.11%, 2.21%, and 6.24% away from its SMA20, SMA50, and SMA200 respectively, with the VICI price moving above the 50-day SMA on January 23. VICI Properties Inc. (VICI) stock is up 1.48% over the week and 1.57% over the past month. Its price is 3.83% year-to-date and 22.02% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.34 below consensus estimates by -$0.23. VICI’s earnings per share are forecast to shrink by -13.10% this year and 54.20% over next year. Expected sales for next quarter are $751.29 million, which analysts say will come at $2.57 billion for the current fiscal year and next year at $3.06 billion. In addition, estimates put the company’s current quarterly revenue at an average of $748.42 million.
To reach the target analysts have set, the stock logically needs to grow 11.19 percent from here.
Outstanding shares total 1.03B with insiders holding 0.39% of the shares and institutional holders owning 107.15% of the company’s common stock. The company has a return on investment of 8.30% and return on equity of 4.50%. The price to earnings ratio (P/E ratio) amounts to 31.44 while the forward price to earnings ratio is 13.95. The beta has a value of 1.01. Price to book ratio is 1.49 and price to sales ratio is 15.52.
According to a U.S. Securities and Exchange Commission filing, Capital Income Builder has reduced its position in VICI Properties Inc. (VICI) to 51,748,244 shares, mirroring a recent drop by -2.33%. Capital Income Builder dumped -1.23 million shares of VICI Properties Inc. common stock bringing its total worth to about $1.68 billion at the end of recent close, SEC documents show. Capital Income Builder isn’t the only investment manager who changed stakes and is followed by Vanguard Real Estate Index Fund, which sold off -0.47 million shares to end up with 37,590,086 shares worth $1.22 billion. American Funds Income Fund of Ame cut their holdings by -16.07% in the company over the course of the most recent quarter. It now holds a 3.85% position in VICI Properties Inc. thanks to 37.04 million shares amounting to $1.2 billion.