In the latest trading session, 1.12 million VICI Properties Inc (NYSE:VICI) shares changed hands as the company’s beta touched 0.95. With the company’s most recent per share price at $33.33 changed hands at -$0.73 or -2.14% at last look, the market valuation stands at $34.90B. VICI’s current price is a discount, trading about -2.52% off its 52-week high of $34.17. The share price had its 52-week low at $26.62, which suggests the last value was 20.13% up since then. When we look at VICI Properties Inc’s average trading volume, we note the 10-day average is 4.72 million shares, with the 3-month average coming to 5.37 million.
Analysts gave the VICI Properties Inc (VICI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VICI as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. VICI Properties Inc’s EPS for the current quarter is expected to be 0.67.
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VICI Properties Inc (NYSE:VICI) trade information
Instantly VICI was in red as seen in intraday trades today. With action -0.86%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.55%, with the 5-day performance at -0.86% in the red. However, in the 30-day time frame, VICI Properties Inc (NYSE:VICI) is 6.42% up. Looking at the short shares, we see there were 20.02 million shares sold at short interest cover period of 3.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 36, meaning bulls need an upside of 7.42% from its recent market value. According to analyst projections, VICI’s forecast low is 32 with 40 as the target high. To hit the forecast high, the stock’s price needs a -20.01% plunge from its current level, while the stock would need to tank 3.99% for it to hit the projected low.
VICI Properties Inc (VICI) estimates and forecasts
Data shows that the VICI Properties Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 12.79% over the past 6 months, a 5.12% in annual growth rate that is considerably higher than the industry average of -3.20%. Year-over-year growth is forecast to reach 5.80% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 954.07M. 12 analysts are of the opinion that VICI Properties Inc’s revenue for the current quarter will be 964.1M. The company’s revenue for the corresponding quarters a year ago was 904.32M and 931.87M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.50%. The estimates for the next quarter sales put growth at 3.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.66%. The 2024 estimates are for VICI Properties Inc earnings to increase by 6.56%, but the outlook for the next 5-year period is at 6.30% per year.
VICI Dividends
VICI Properties Inc is expected to release its next quarterly earnings report on 2024-Oct-23. The 4.98% annual yield figure for the share gives it an annual dividend of 1.66. It is important to note, however, that the 4.98% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.97 per year.
VICI Properties Inc (NYSE:VICI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.25% of VICI Properties Inc shares while 99.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.25%. There are 99.00% institutions holding the VICI Properties Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 14.7616% of the shares, roughly 153.88 million VICI shares worth $4.41 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.0011% or 104.25 million shares worth $2.99 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Capital Income Builder, Inc. and Vanguard Specialized-Real Estate Index Fund. With 49.41 shares estimated at $1.65 billion under it, the former controlled 4.72% of total outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held about 3.71% of the shares, roughly 38.84 shares worth around $1.29 billion.
