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VICI Properties Inc. (NYSE: VICI): Is This The Time To Buy?

VICI Properties Inc. (NYSE:VICI)’s traded shares stood at 1.67 million during the latest session, with the company’s beta value hitting 0.97. At the last check today, the stock’s price was $31.55, to imply a decrease of -0.25% or -$0.08 in intraday trading. The VICI share’s 52-week high remains $35.69, putting it -13.12% down since that peak but still an impressive 16.26% since price per share fell to its 52-week low of $26.42. The company has a valuation of $33.08B, with an average of 7.3 million shares in intraday trading volume over the past 10 days and average of 6.19 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for VICI Properties Inc. (VICI), translating to a mean rating of 1.70. Of 19 analyst(s) looking at the stock, 0 analyst(s) give VICI a Sell rating. 3 of those analysts rate the stock as Overweight while 1 advise Hold as 15 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.58.

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VICI Properties Inc. (NYSE:VICI) trade information

After registering a -0.25% downside in the latest session, VICI Properties Inc. (VICI) has traded red over the past five days. The stock hit a weekly high of 33.22 this Wednesday, 03/15/23, dropping -0.25% in its intraday price action. The 5-day price performance for the stock is -5.03%, and -7.69% over 30 days. With these gigs, the year-to-date price performance is -2.62%. Short interest in VICI Properties Inc. (NYSE:VICI) saw shorts transact 26.32 million shares and set a 3.99 days time to cover.

Analysts on Wall Street suggest a consensus price target of $38.29, implying an increase of 17.6% to the stock’s recent value. The extremes give us $32.00 and $46.00 for target low and target high price respectively. As such, VICI has been trading -45.8% off suggested target high and -1.43% from its likely low.

VICI Properties Inc. (VICI) estimates and forecasts

Looking at statistics comparing VICI Properties Inc. share performance against respective industry, we note that the company has outperformed competitors. VICI Properties Inc. (VICI) shares are -5.03% down over the last 6 months, with its year-to-date growth rate higher than industry average at 9.33% against -3.80%. Revenue is forecast to grow 31.80% this quarter before jumping 65.70% for the next one. The rating firms project that company’s revenue will grow 71.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 9 analysts is $752.76 million. Meanwhile, for the quarter ending Mar 2023, a total of 7 analyst(s) estimate revenue growth to $794.04 million.Earnings reports from the last fiscal year show that sales brought in $383.15 million and $416.62 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 96.50% before jumping 90.60% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 48.40% for the past 5-year period. While 2023 is set for a -27.70% return in earnings, projections for the next 5 years are at 7.10% annually.

VICI Dividends

VICI Properties Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. VICI Properties Inc. has a forward dividend ratio of 1.56, with the share yield ticking at 4.93% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

VICI Properties Inc. (NYSE:VICI)’s Major holders

VICI Properties Inc. insiders hold 0.36% of total outstanding shares, with institutional holders owning 95.34% of the shares at 95.69% float percentage. In total, 95.34% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 141.14 million shares (or 14.65% of shares), all amounting to roughly $4.21 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 94.88 million shares, or about 9.85% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $2.83 billion.

We also have Capital Income Builder, Inc. and Vanguard Specialized-Real Estate Index Fund as the top two Mutual Funds with the largest holdings of the VICI Properties Inc. (VICI) shares. Going by data provided on Dec 30, 2022, Capital Income Builder, Inc. holds roughly 51.75 million shares. This is just over 5.37% of the total shares, with a market valuation of $1.68 billion. Data from the same date shows that the other fund manager holds a little less at 38.27 million, or 3.97% of the shares, all valued at about 1.23 billion.

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