Is VICI Properties Inc (NYSE:VICI) Worth A Patient Look At Current Prices?

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VICI Properties Inc (NYSE:VICI)’s traded shares stood at 1.34 million during the latest session, with the company’s beta value hitting 0.96. At the last check today, the stock’s price was $32.12, to imply a decrease of -0.46% or -$0.15 in intraday trading. The VICI share’s 52-week high remains $32.68, putting it -1.74% down since that peak but still an impressive 17.12% since price per share fell to its 52-week low of $26.62. The company has a valuation of $33.64B, with an average of 3.52 million shares in intraday trading volume over the past 10 days and average of 5.91 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for VICI Properties Inc (VICI), translating to a mean rating of 1.42. Of 6 analyst(s) looking at the stock, 0 analyst(s) give VICI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 5 recommend it as a Buy.

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VICI Properties Inc (NYSE:VICI) trade information

After registering a -0.46% downside in the latest session, VICI Properties Inc (VICI) has traded red over the past five days. The 5-day price performance for the stock is 1.13%, and 6.32% over 30 days. With these gigs, the year-to-date price performance is 0.75%. Short interest in VICI Properties Inc (NYSE:VICI) saw shorts transact 19.14 million shares and set a 3.18 days time to cover.

The extremes give us $32 and $40 for target low and target high price respectively. As such, VICI has been trading -24.53% off suggested target high and 0.37% 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 8.15% up over the last 6 months, with its year-to-date growth rate higher than industry average at 5.12% against -2.90%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.66% for the past 5-year period. While 2024 is set for a 6.43% return in earnings, projections for the next 5 years are at 6.30% annually.

VICI Dividends

VICI Properties Inc has its next earnings report out in September. 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 1.66, with the share yield ticking at 5.17% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.97%.

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

VICI Properties Inc insiders hold 0.25% of total outstanding shares, with institutional holders owning 99.13% of the shares at 99.38% float percentage. In total, 99.13% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 153.88 million shares (or 14.7616% of shares), all amounting to roughly $4.41 billion.

The next major institution holding the largest number of shares is BLACKROCK INC. with 104.25 million shares, or about 10.0011% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.99 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 Jun 30, 2024 , Capital Income Builder, Inc. holds roughly 49.41 shares. This is just over 4.72% of the total shares, with a market valuation of $1.59 billion. Data from the same date shows that the other fund manager holds a little less at 38.84, or 3.71% of the shares, all valued at about 1.25 billion.