VICI Properties Inc. (NYSE:VICI) Short Interest Up 49.8% in January

VICI Properties Inc. (NYSE:VICI) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 38,990,000 shares, a growth of 49.8% from the January 15th total of 26,030,000 shares. Based on an average daily trading volume, of 5,770,000 shares, the days-to-cover ratio is presently 6.8 days.

VICI Properties Price Performance

VICI Properties stock opened at $30.39 on Friday. The company’s fifty day moving average price is $29.66 and its 200 day moving average price is $31.45. VICI Properties has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market capitalization of $32.04 billion, a P/E ratio of 11.26, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.69%. VICI Properties’s dividend payout ratio is currently 64.07%.

Institutional Investors Weigh In On VICI Properties

Institutional investors have recently added to or reduced their stakes in the stock. Transce3nd LLC acquired a new stake in VICI Properties in the 4th quarter valued at $28,000. Venturi Wealth Management LLC grew its stake in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares during the period. Quarry LP lifted its holdings in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares in the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties in the 4th quarter valued at $33,000. Finally, Whipplewood Advisors LLC purchased a new position in VICI Properties in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays reduced their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.